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- Health Savings Account Act
March 15, 2013
Health Savings Account Act Summary A bill to permit the establishment and maintenance of health savings accounts; to provide penalties and remedies; to exempt contributions from taxation; and to prescribe the requirements of and restrictions on health savings accounts. Model Legislation Section 1. Title. This Act shall be known and may be cited as the “Health Savings Account Act.” Section 2. Definitions. As used in this Act: (A) “Eligible individual” means the individual taxpayer, including employees of an employer who contributes to health savings accounts on the employees’ behalf, whom: (1) Must be covered by a “High Deductible Health Plan” […]