Sec. 7. Allowance of silver and bronze plans in connection with health savings accounts
246 words·~1 min read·
/bill/113/hr/4777/ih/section-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 223 of the Internal Revenue Code of 1986 is amended— by striking a high deductible health plan each place it appears and inserting an HSA compatible health plan , by striking high deductible health plan in subsection (b)(8)(A)(ii) and inserting HSA compatible health plan , and by striking the high deductible health plan in subsection (c)(1)(A)(ii)(II) and inserting the HSA compatible health plan . Paragraph
(2)of section 223(c) of such Code is amended by redesignating subparagraphs (A), (B), (C), and
(D)as subparagraphs (B), (C), (D), and
(E)and by inserting before subparagraph (B), as so redesignated, the following new subparagraph: The term HSA compatible health plan means— any high deductible health plan, any plan described in section 1302(e) of the Patient Protection and Affordable Care Act (relating to catastrophic plan), or any silver or bronze plan which was enrolled in through an Exchange established under section 1311 of the Patient Protection and Affordable Care Act. . Section 223 of such Code is amended— by striking in the heading for subsection (c)(2)(B), as redesignated by subsection
(b)of this Act, and inserting In general , High deductible health plan by striking in the heading for subsection (b)(8)(B) and inserting high deductible health plan , and hsa compatible health plan by striking in the heading for subsection (c)(2) and inserting High deductible health plan . HSA compatible health plan The amendments made by this section shall apply to taxable years beginning after December 31, 2014.