H.R. 2639 would amend the Internal Revenue Code of 1986 to modify the rules with respect to health savings accounts and medical savings accounts.

== Detailed Summary ==

<summary>
(Log inPromoting Health for Future Generations Act of 2007 - Amends the Internal Revenue Code to: (1) increase the tax deduction for contributions to health savings accounts (HSAs); (2) allow Medicare and veterans health care beneficiaries to establish and contribute to HSAs; (3) allow individuals age 50 or older (currently, age 55 or older) to make additional HSA contributions and to editincrease the wikiallowable amount of such contributions; (4) treat Medicare supplemental insurance premiums as a tax deductible medical expense; (5) allow a new tax deduction for high deductible health plan premiums; (6) allow individual contributions to a Medicare Advantage medical savings account (MSA); (7) allow adult children of holders of HSAs and MSAs to inherit such accounts; and (8) allow MSA funds to be used for wellness and fitness programs.

Amends title XVIII (Medicare) of the firstSocial Security Act to allow MSAs to provide preventive care without requiring a detailed summary of the bill!)deductible for expenses related to such care.
</summary>

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== Status of the Legislation ==

<status>
(LogLatest Major Action: 6/11/2007: Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to edit the wikiCommittee on Energy and Commerce, for a period to be subsequently determined by the first to updateSpeaker, in each case for consideration of such provisions as fall within the statusjurisdiction of the bill!)committee concerned.
</status>

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== Points in Favor ==

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== Points Against ==

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