Health Care Account Act of 2001

To amend the Internal Revenue Code of 1986 to exclude employer contributions to health care expenditure accounts from gross income, and to amend title I of the Employee Retirement Income Security Act of 1974 to clarify the applicability of such title to plans employing such accounts.

Subjects

Taxation

Summary

Health Care Account Act of 2001 - Amends the Internal Revenue Code to provide for the exclusion from income of an employee of both the amounts contributed by the employee's employer to any health care expenditure account of such employee and amounts contributed by the employee to such an account. Limits contributions and requires employers to make comparable contributions. Provides for the creation of such accounts and permits expenditures from such accounts for qualified medical expenses which are not compensated for by insurance.

Amends the Employee Retirement Income Security Act of 1974 (ERISA) with respect to ERISA coverage of such accounts.

Full Text

Legislative Actions

2001-07-26
Introduced in House
2001-07-26
Introduced in House
2001-07-26
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-07-26
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-07-26
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-11-13
Referred to the Subcommittee on Employer-Employee Relations.

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