SB3224: Chronic Disease Flexible Coverage Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to codify Internal Revenue Service guidance relating to treatment of certain services and items for chronic conditions as meeting the preventive care deductible safe harbor for purposes of high deductible health plans in connection with health savings accounts.
Plain-language summary
This bill would turn existing IRS guidance into law regarding how certain treatments for chronic diseases are counted under health savings accounts. Health savings accounts (HSAs) are special savings accounts paired with high-deductible health insurance plans that let people save money tax-free for medical expenses. The IRS currently allows people to get certain chronic disease treatments without meeting their deductible first. This bill would lock that policy into law rather than leaving it as guidance. The bill affects people who have HSAs and high-deductible health plans. The bill was recently introduced in Congress.
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SB3224: Chronic Disease Flexible Coverage Act