Illinois General Assembly

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 Bill Status of HB2944  97th General Assembly


Short Description:  HEALTH SAVINGS ACCOUNT ACT

House Sponsors
Rep. Jim Watson - David Reis - Patricia R. Bellock

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/22/2011HouseFiled with the Clerk by Rep. Jim Watson
  2/23/2011HouseFirst Reading
  2/23/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Personnel and Pensions Committee
  3/2/2011HouseAdded Chief Co-Sponsor Rep. David Reis
  3/15/2011HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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