A. Provides all Americans with a tax credit for 100 percent of health care expenses. The tax credit is fully refundable against both income and payroll taxes.
B. Allows individuals to roll over unused amounts in cafeteria plans and Flexible Savings Accounts (FSA).
C. Makes every American eligible for a Health Savings Account (HSA), removes the requirement that individuals must obtain a high-deductible insurance policy to open an HSA; allows individuals to use their HSA to make premiums payments for high-deductible policy; and allows senior citizens to use their HSA to purchase Medigap policies.
D. Repeals the 7.5 percent threshold for the deduction of medical expenses, thus making all medical expenses tax deductible.
Paul's Coercion is Not Health Care Act:
This legislation forbids the federal government from forcing any American to purchase health insurance, and from conditioning participation in any federal program, or receipt of any federal benefit, on the purchase of health insurance.