H.R. 2596: Health Savings and Affordability Act of 2003

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H.R. 2596: Health Savings and Affordability Act of 2003

108th Congress · introduced 2003-06-25 · Taxation · Latest: Pursuant to the provisions of H. Res. 299, H.R. 2596 is laid on the table.

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Official title

Health Savings and Affordability Act of 2003

Plain summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Health Savings and Affordability Act of 2003 - (Sec. 2) Amends the Internal Revenue Code to allow a limited deduction (to both itemizers and nonitemizers) for contributions to health savings security accounts (accounts for medical expenses for anyone, except those with an individual deductible under $500 or $1,000 for a family) and health savings accounts (accounts for medical expenses for those in a high deductible plan, a plan with an individual deductible of $1,000 to $2,250 or $2,000 and $4,500 for a family and with individual out-of-pocket expenses not exceeding $3,000 or $5,500 for a family). Provides for cost-of-living adjustments to such amounts. Exempts such accounts, and distributions from such accounts, from taxation. Subjects employers making contributions to such accounts to an excise tax, if they do not make comparable contributions on behalf of all employees. (Sec. 3) Allows up to $500 of unused health benefits in cafeteria plans and flexible spending arrangements to be carried forward to the next year, contributed to a health savings security or health savings account, or contributed to a qualified retirement plan. (Sec. 4) Exempts flexible spending arrangements and health reimbursement arrangements treated as employer-provided coverage from information reporting requirements related to certain health arrangements.

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

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PSI Sci description of the legislative step (not an opinion).

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Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Thomas, William M. [R-CA-22] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Recorded votes

• House roll call 328 (2003): On Passage, HR2596 (2003-06-26): Passed

Sources

• Congressional Research Service summary (Passed House without amendment)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108hr2596.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/hr>

Record fed-us-cong108-hr2596 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108