Helping Save Americans' Health Care Choices Act of 2015
This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to:
- eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan;
- increase the maximum contribution amount to an HSA;
- permit both spouses in an HSA to make catch-up contributions to the same account;
- allow the use of HSAs to pay health insurance premiums and long-term care insurance premiums;
- treat fees paid in advance for the right to receive medical services as a deductible medical expense;
- permit Medicare recipients to participate in HSAs;
- repeal the restriction on payments from HSAs for nonprescription drugs;
- repeal the additional tax on distributions from HSAs and Archer Medical Savings Accounts; and
- repeal the $2,500 limitation on salary reduction contributions to a health flexible spending arrangement under a cafeteria plan.