President George W. Bush signed H.R. 6111, the Tax Relief and Health Care Act of 2006, into law today.
The law, passed by the Senate and House before adjourning, includes provisions that will enhance the tax advantages of health savings account plans.
Charles E. Symington Jr., senior vice president for government affairs and federal relations of the Independent Insurance Agents and Brokers of America Inc., Washington, praised the law.
“We strongly support improvements to health savings accounts, to provide more options for individuals and families to cover their medical expenses,” he said.
Among other provisions, the bill does the following: