To amend the Internal Revenue Code of 1986 to allow Federal civilian and military retirees to pay health insurance premiums on a pretax basis and to allow a deduction for TRICARE supplemental premiums.

1/16/2023, 4:17 PM

Congressional Summary of HR 2125

Amends the Internal Revenue Code to permit: (1) Federal civilian and military retirees to pay Federal Employees Health Benefits Program and TRICARE supplemental premiums on a pretax basis; and (2) a deduction (available to itemizers and nonitemizers) for TRICARE supplemental premiums and enrollment fees.

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Current Status of Bill HR 2125

Bill HR 2125 is currently in the status of Bill Introduced since June 12, 2001. Bill HR 2125 was introduced during Congress 107 and was introduced to the House on June 12, 2001. Bill HR 2125's most recent activity was Referred to the House Committee on Ways and Means. as of June 12, 2001

Bipartisan Support of Bill HR 2125

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

282

Democrat Cosponsors

168

Republican Cosponsors

112

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2125

Primary Policy Focus

Taxation

Potential Impact Areas

- Annuities

- Armed Forces and National Security

- Federal employees

- Finance and Financial Sector

- Flexible benefit plans

- Government Operations and Politics

- Government employees' health insurance

- Health

- Income tax

- Insurance premiums

- Labor and Employment

- Managed care

- Medical economics

- Military medicine

- Military pensions

- Personal income tax

- Retired military personnel

- Retiree health benefits

- Tax deductions

Alternate Title(s) of Bill HR 2125

To amend the Internal Revenue Code of 1986 to allow Federal civilian and military retirees to pay health insurance premiums on a pretax basis and to allow a deduction for TRICARE supplemental premiums.