House lawmakers introduced late Thursday the Bipartisan HSA Improvement Act, legislation designed to expand the types of services covered under health savings accounts without being subject to a deductible.
Introduced by Reps. Mike Kelly, R-Pa.; Earl Blumenauer, D-Ore., Erik Paulsen, R-Minn.; and Ron Kind, D-Wis., the bill seeks to give employers and plans the ability to cover chronic disease prevention before a patient has met his or her deductible.
American Benefits Council President James Klein said the legislation provided "needed flexibility for HSAs to help employees lead healthier lives, which will help reduce health care spending."
Workplace-based health insurance "covers more than 178 million people nationwide, compelling employers to be innovative in managing rising health care costs," Klein said.