H.R. 3234 would amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts.
Detailed Summary
HSA Improvement and Expansion Act of 2007 - Amends Internal Revenue Code provisions relating to health savings accounts (HSAs) to: (1) allow HSAs to incorporate flexible spending and health reimbursement arrangements; (2) increase the annual HSA contribution limitation; (3) permit the use of HSAs to purchase health insurance; (4) allow the payment of certain medical expenses incurred before the establishment of an HSA; (5) allow veterans eligible for service-connected disability benefits to establish an HSA; and (6) allow spouses to make increased catch-up contributions to a single HSA.
Status of the Legislation
Latest Major Action: 8/7/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Health.
Points in Favor
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Points Against
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