Comprehensive Health Care Reform Act of 2005

H.R. 3075, the Comprehensive Health Care Reform Act of 2005, proposed several changes to the tax code intended to make healthcare more affordable for individuals and families. The bill would have expanded tax credits for health insurance premiums and allowed employees to carry over up to $500 in unused funds from flexible spending accounts (FSAs) into the next year or receive it as taxable income. Additionally, it sought to increase tax deductions for Health Savings Accounts (HSAs) and allow taxpayers to deduct the full cost of their medical and dental expenses without having to meet the typical minimum spending threshold.