HealthEquity said it “participated in drafting” the Health Savings for Seniors Act, which was introduced to the House July 18 by Reps. Ami Bera, D-Calif., and Jason Smith, R-Mo. The bill intends to allow more than 57 million Medicare beneficiaries to open and contribute to an HSA without any changes to their Medicare coverage.
HealthEquity said the bill could save a retired couple $1,800 per year, according to the press release.
The legislation comes on the heels of a move by the IRS and Treasury Department on July 17 that expanded what is considered preventive care under high-deductible health plans to include more services and treatments for people with chronic illnesses. The notice was issued to comply with a June 24 executive order from President Donald Trump calling for guidance on expanding high-deductible health plans with HSAs to cover low-cost preventive care for people with chronic conditions.
More articles on payers:
UnitedHealth records $3.3B profit in Q2
Minnesota hospitals ask state to investigate BCBS over new policy ending coverage for 7 forms of routine care
New York insurer opens office in hospital
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
