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house Bill H.R. 1204

Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2017

    Very interesting. Amend for families? Does this issue elude to healthcare saving accounts. Mystery too follow.
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    Official ID: H.R. 1204 Short Title as Introduced: Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2017 Official Title as Introduced: To amend the Internal Revenue Code of 1986 to provide the opportunity for responsible health savings to all American families. To read the referenced code: http://uscode.house.gov/view.xhtml?req=(title:26%20section:125%20edition:prelim) Sponsor: Rep. Stivers, Steve [R-OH-15] Text: H.R.1204 — 115th Congress (2017-2018) There is one version of the bill: 115th CONGRESS 1st Session H. R. 1204 To amend the Internal Revenue Code of 1986 to provide the opportunity for responsible health savings to all American families. IN THE HOUSE OF REPRESENTATIVES February 17, 2017 Mr. Stivers (for himself, Ms. Michelle Lujan Grisham of New Mexico, Mrs. Blackburn, Ms. Pingree, Mrs. Comstock, Mr. Collins of New York, Mr. Kilmer, Mr. Pearce, Mr. Tiberi, Mr. DeFazio, Ms. Sinema, and Mrs. Bustos) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide the opportunity for responsible health savings to all American families. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the “Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2017”. SEC. 2. EXPANDABLE HEALTH FLEXIBLE SPENDING ARRANGEMENTS. (a) Expansion Of Annual Maximum.— (1) IN GENERAL.—Paragraph (1) of section 125(i) of the Internal Revenue Code of 1986 is amended— (A) by striking “$2,500” and inserting “$5,000, with an additional $500 per each additional employee dependent above two dependents”, and (B) by inserting at the end the following: “An additional employee dependent may not be taken into account under the preceding sentence for any taxable year if such additional employee dependent has been taken into account by another person under such sentence for such taxable year.”. (2) ADJUSTMENT FOR INFLATION.—Paragraph (2) of section 125(i) of the Internal Revenue Code of 1986 is amended— (A) by striking “December 31, 2013” and inserting “December 31, 2017”, (B) by striking “the dollar amount” and inserting “each of the dollar amounts”, and (C) in subparagraph (B), by striking “calendar year 2012” and inserting “calendar year 2016”. (b) Carryforward Of Unused Benefits.—Section 125(i) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: “(3) CARRYFORWARD OF UNUSED BENEFITS.— “(A) IN GENERAL.—A plan or arrangement may permit a participant in a health flexible spending arrangement to elect to carry forward any aggregate unused balances in the participant’s accounts under such arrangement as of the close of any year to the succeeding year. Such carryforward shall be treated as having occurred within 30 days of the close of the year. “(B) LIMITATION.—The amount which a participant may elect to carry forward under subparagraph (A) from any year shall be any aggregate unused balances in the participant’s account at the close of any year. “(C) EXCLUSION FROM GROSS INCOME.—No amount shall be included in gross income under this chapter by reason of any carryforward under this paragraph. “(D) COORDINATION LIMITS.—The maximum amount which may be contributed to a health flexible spending arrangement for any year to which an unused amount is carried under this paragraph shall not be reduced by such unused amount.”. (c) Conforming Amendment.—Section 125(i) of the Internal Revenue Code of 1986 is amended by striking “Limitation On Flexible Spending Arrangements” in the heading and inserting “Special Rules For Health Flexible Spending Arrangements”. (d) Effective Date.—The amendments made by this section shall take effect on the date of the enactment of this Act.
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    Stop beating around the bush and get off your butts congress. In today's news we find that BHO channeled the money from Fanny and Freddy into the treasure. He robbed from Fanny and Freddy to prop up Obamacare it's been bankrupt from the beginning! A lawsuit from the share holders, the investors, have brought this to light. Stop stalling and fix this. Actually what I guess you don't want us to know that the two executive orders have already eliminated the two elements that made Obamacare unacceptable so get busy and make it law.
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    Health savings accounts are unaffordable for anyone struggling to make ends meet, and may end in bankruptcy or crushing debt in the case of medical costs that exceed savings. They are effectively a tax shelter for the wealthy. This bill is yet another attempt to erode the protections of the Affordable Care Act
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    No. If you save money and it is not completely consumed who gets the money. I remember the fed civ service tried to start this but the money was forfeited at the end of the year if not used. This is crap unless explained better.
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    This helps rich people, not the poor, who barely make it from paycheck to paycheck.
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    Beginning of the end of Obamacare?
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    Personally, I would prefer a healthcare system that enabled the federal government to negotiate pricing but left the design for provision of services up to the states. I believe this would best be done under a single-payer system.
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    This is part of the Republican Recipe for Dismantling the Affordable Care Act. We need Single-Payer system, providing Healthcare for all Americans.
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    This is a farce SINGLE PAYOR PLEASE
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    This is part of eliminating ACA. Savings plans mean you self pay everything out of pocket. You might as well have no coverage.
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    I don't see it as an "attack" on ACA. It's just another option letting Americans choose their healthcare.
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    great idea
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    Single Payer!! ...The Idiot republicans all understand that if we make everyone pay for healthcare for all(this is how insurance works you morons) then all will pay less. Republicans are all about "choice" because that's the only way the rich can make money off the backs of the middle class AND not have to support anyone but themselves besides.
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    I agree with increasing the yearly limits on deposits to an HSA. Many continuing care facilities are not honoring long-term care insurance policies that the elderly may have, and many of these facilities are charging $3,000 a month and higher to provide continuing care (the full spectrum of independent living, assisted living, and end of life palliative care or hospice care). By enabling Americans to continue to save for eventual healthcare costs (above and beyond Medicare/ Medicaid) they will be better cared for in their final years.
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    Purely part of the attack on the ACA and a boon to the banking and financial sectors. It is time for a single payer healthcare system.
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    We should increase pretax IRA opportunities to $12000/yr and allow $ for medical to come out tax free. (Kill to birds with one stone) We do not need additional accounts and/or HSAs. Too cumbersome.
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    I worry when a Republican write a bill since so many are dictated directly by corporate lobbyists. When we have a man who assaults women and evidently children, has conned and cheated a number of people, refuses to release his tax records and clearly is using office to profit while filling his cabinet with racist plutocrats to match his racism, sexism, xenophobia, Islamophobia, pseudoChristianity perhaps installed by Russia called President, why would we trust changes to the tax code? Chances are this is another money grab from the poor for the very very rich as the rest of the work of this now corrupt party has done.
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    Now before we jump off a cliff on this, this doesn't go far enough. To amend IRS to include families, it already does? Allow 100% deductions of all healthcare expenses, premiums, co-pays, over the counter, nursing homes, or none!
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