H.R. 519 - Tax Free Health Insurance Act of 2019

116TH CONGRESS
1ST SESSION

H.R. 519

To amend the Internal Revenue Code of 1986 to allow a deduction
for premiums for insurance which constitutes medical care.

IN THE HOUSE OF REPRESENTATIVES

JANUARY 11, 2019

Mr. KING of Iowa (for himself, Mr. DESJARLAIS, Mr. BROOKS
of Alabama, Mr. MOONEY of West Virginia, Mr. GIBBS, and
Mr. DUNCAN) introduced the following bill; which was
referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow a deduction for premiums for insurance which constitutes medical care.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Tax Free Health Insurance Act of 2019".

SEC. 2. DEDUCTION FOR PREMIUMS FOR HEALTH INSURANCE.

(a) IN GENERAL. — Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended  by redesignating section 224 as section 225 and by inserting after section 223 the following new section:

"SEC. 224. DEDUCTION FOR PREMIUMS FOR HEALTH INSURANCE.

"In the case of an individual, there shall be allowed as a deduction to the tax payer for the taxable year amounts paid by the taxpayer for insurance which constitutes medical care (as defined in section 213(d)) for the taxpayer and the taxpayer's spouse and dependents. No amount shall be taken into account under the preceding sentence if a deduction or credit is allowed for such amount under this chapter or to any other taxpayer.".

(b) DEDUCTION ALLOWED WHETHER OR NOT INDIVIDUAL ITEMIZES OTHER DEDUCTIONS. — Subsection (a) of section 62 of such Code is amended by inserting before the last sentence at the end the following new paragraph:

"(22) DEDUCTION FOR PREMIUMS FOR HEALTH INSURANCE. — The deduction allowed by section 224.".

(c) CLERICAL AMENDMENT. — The table of sections for part VII of subchapter B of chapter 1 of such Code  is amended by striking the item relating to section 224 and adding at the end the following new items:

"Sec. 224. Deduction for premiums for health insurance.

"Sec. 225. Cross reference.".

(d) EFFECTIVE DATE. — The amendments made by this section shall apply to taxable years beginning after December 31, 2018.