JULY 12TH, 2016

Congress acts on five consumer directed healthcare bills

July 12, 2016 - Alegeus Technologies

Recently the U.S. House of Representatives took steps to enact five bills that will increase the availability and usability of account-based healthcare, especially HSAs. If passed by the Senate and signed into law, these bills will ease restrictions on the use of HRAs for small employers, expand the availability of HSAs to populations being served by the VA and Indian Health Services, and provide individuals and families with more flexibility when using an HSA. As an industry leader, Alegeus supports Congressional efforts to protect and expand the use of account-based healthcare.

Restoring Access to Medication Act (H.R. 1270)
Seeks to improve health access, increase HSA contributions, and provide administrative fixes to the Affordable care Act (ACA) – including removing the restriction that consumers must first obtain a prescription from a physician in order to purchase over-the-counter (OTC) medications using their FSA, HSA, or HRA. Learn More

Small Business Health Care Relief Act (H.R. 5447):
Seeks to overturns Department of Labor and IRS guidance that currently prevents some employers (with less than 50 employees) from funding employee HRAs because these arrangements were found to violate the Affordable Care Act insurance market reforms. Learn More

Native Americans Health Savings Improvement Act (H.R. 5452)
Would amend the Internal Revenue Code of 1986 to permit individuals that receive medical services under the Indian Health Service or a tribal organization to contribute and fully utilize an HSA without the waiting period. Learn More

Veterans TRICARE Choice Act (H.R. 5458)
Would give veterans the choice to voluntarily pause their TRICARE benefits in order to participate in an HSA program. Learn More

Health Care Security Act of 2016 (H.R. 5445)
Contains several provisions including raising the contribution limit and establishing a grace period or special rule for certain medical expenses incurred before establishment of an HSA, treating HSAs opened within 60 days after gaining coverage under an HSA-eligible health plan as having been opened on the same day as the health plan. Learn More

To learn more about these bills and their potential impact, click the links above.

Congress has now held its last vote, and will not be introducing or voting on any additional bills until after the August recess. 



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