Us Congress House Bill HB5777

Us Congress 2023-2024 Regular Session

• Introduced: 9/27/23
• Refer: 9/27/23

Caption

To amend the Internal Revenue Code of 1986 to improve health savings accounts.

Impact

If enacted, HB5777 would significantly affect how health savings accounts are utilized, particularly in relation to employer-sponsored healthcare services. By allowing for on-site clinics and expanding the range of services covered by HSAs, the bill aims to improve healthcare access for employees while potentially reducing overall healthcare costs for businesses. It encourages employers to offer more preventive care directly through their facilities, which could lead to healthier workforce outcomes and lower insurance premiums.

Summary

House Bill 5777 proposes amendments to the Internal Revenue Code of 1986 focused on improving health savings accounts (HSAs). The bill introduces provisions that allow for the establishment of on-site employee clinics and expands the types of services that can be treated as qualified medical expenses under HSAs. Specifically, the legislation intends to broaden the definition of 'qualified items and services' to include physical examinations, immunizations, and various types of preventive care services provided at employer-owned healthcare facilities.

Contention

Notable points of contention surrounding HB5777 may include debates over the extent of employer involvement in healthcare provision and whether the expansion of HSAs under this bill could lead to unintended consequences such as reduced coverage options for employees outside of their employers' offerings. Critics may argue that while the bill aims to improve accessibility to preventive care, it could inadvertently limit employees' choices regarding healthcare providers and services, raising concerns about comprehensive healthcare access.