Washington, D.C. - Seeking to expand access to Health Savings Accounts (HSAs), U.S. Representative Charles W. Boustany, Jr. (R-LA) today (6/12/07) introduced legislation that builds intergenerational "wealth for health" savings by allowing adult children to inherit health investment plans. The Promoting Health for Future Generations Act of 2007 (H.R. 2639) also aims to remove current hurdles that limit veterans and seniors in Medicare from accessing HSAs.

"HSAs have greatly expanded coverage, but this bill makes them more practical for the working families, veterans, and Medicare seniors who benefit from them," said Boustany, a retired cardiovascular surgeon. "By allowing adult children to inherit an HSA in the same way that a spouse can, this measure will help working families build 'wealth for health' savings that can be passed on to other generations."

Other important provisions of the Promoting Health for Future Generations Act of 2007:

• Permit an adult child to inherit funds from New provisionsan HSA or Medical Savings Account (MSA) without tax penalties.
• Increase the annual HSA contribution limit to $5,500 for individual coverage and $11,000 for family coverage.
• Allow seniors age 50 and over to make catch-up contributions of up to $2000 over the annual contribution limit.
• Allow Medicare eligible seniors and VA beneficiaries to continue to contribute to an HSA.

These are some of the highlights of this bill for more information visit

Congressman Boustany's website