IL HB2944 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the State Employee Health Savings Account Act. Provides that "eligible individual" has the same meaning as "employee" as that term is defined in the State Employees Group Insurance Act of 1971. Provides that, beginning in taxable year 2011, each employer shall make available to each eligible individual a health savings account program. Provides that an employer shall deposit $2,750 annually into an eligible individual's health savings account. Unused funds in a health savings account shall become the property of the account holder at the end of a taxable year. Provides that a trustee or custodian must use the funds held in a health savings account solely (i) for the purpose of paying the qualified medical expenses of the eligible individual or his or her dependents, (ii) to purchase a health coverage policy, certificate, or contract or (iii) to pay for health insurance other than a Medicare supplemental policy for those who are Medicare eligible. Makes other changes.

Tracking Information

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Title

HEALTH SAVINGS ACCOUNT ACT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-03-15HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
2011-03-02HouseAdded Chief Co-Sponsor Rep. David Reis
2011-02-28HouseAssigned to Personnel and Pensions Committee
2011-02-23HouseReferred to Rules Committee
2011-02-23HouseFirst Reading
2011-02-22HouseFiled with the Clerk by Rep. Jim Watson

Illinois State Sources


Bill Comments

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