legislation: 99-s-2486

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
99-s-2486 99 s 2486 Health Plan Promotion Act of 1986 Taxation 1986-05-21 1986-05-21 Read twice and referred to the Committee on Finance. Senate Sen. Durenberger, Dave [R-MN] MN R D000566 0 Health Plan Promotion Act of 1986 - Amends the Internal Revenue Code to require the inclusion in gross income of contributions by an employer to accident and health plans for compensation to employees for personal injuries and sickness. Permits individuals to claim a nonitemized deduction for the cost of their accident and health insurance to the extent such costs do not exceed specified levels. Permits such deduction whether such costs are paid by the taxpayer or the taxpayer's employer. Establishes the maximum amount of the deduction as follows: (1) $75 per month for an individual; (2) $175 per month for an individual and the individual's spouse; and (3) $225 per month for an individual's spouse; and (3) $225 per month for an individual and the individual's family. Provides for a cost-of-living adjustment in such amounts. Provides that amounts paid for accident and health insurance in excess of the monthly limits would be allowable as deductible medical expenses. Raises the threshold for the medical expense deduction from five percent of adjusted gross income to ten percent of adjusted gross income. 2025-08-29T16:31:02Z  

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