Benefits Buzz
Bipartisan HSA Improvement Act
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Allow for pre-deductible coverage of health services at on-site health clinics without disqualifying HSA-eligibility
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Allow for pre-deductible coverage of health services and medications that manage chronic conditions without disqualifying HSA-eligibility
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Clarify that employers can offer benefits such as telemedicine and second opinion services without disqualifying HSA-eligibility
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Make a change to existing legislation which would allow an employee to establish an HSA if their spouse has a general-purpose Flexible Spending Account (FSA)
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Permit the use of HSA funds toward wellness benefits, including exercise and other expenses associated with physical activity
Large employers such as Nike and Under Armour and associations such as the Society for Human Resource Managment (SHRM) and the National Association of Health Underwriters (NAHU) have come out in support of the proposal. Over fifty such organizations sent a joint letter to the U.S. Representatives who introduced the legislation thanking them for their efforts and signifying their willingness to work with Congress to help enact the legislation. As an HSA administrator, Flex is also in support of this proposed legislation.