Bill Would Give More Options to HSA, FSA Holders

A measure introduced by Sen. Orrin Hatch (R-Utah) would allow consumers to use health savings accounts, flexible spending arrangements and medical savings accounts to pay for retainer primary care services provided by concierge practices, direct primary care practices and other similar practice setups, according to an American Medical News report.

The bill would also allow holders of certain HSAs to use the funds to purchase over-the-counter drugs without physician prescriptions. The health system reform law that took effect Jan. 1 prohibits consumers that hold FSAs, HSAs and other similar accounts from using the tax-exempt funds to purchase non-prescription medications. There are several exceptions to the rule, including insulin and medical devices and other non-drug items, such as glasses, crutches and blood glucose text kits.

According to the report, the American Medical Association supports Sen. Hatch's measure.  

Read the American Medical News report on the HSA measure.

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