New domestic bill introduced to expand access to dietary supplements through HSA and FSA coverage


The Dietary Supplement Tax Equity Act – a bill that would expand health savings accounts (HSA), health reimbursement terms and flexible spending accounts (FSA) to cover dietary supplements – was introduced by representatives Brendan Boyle (D-PA) and Darin LaHood (R-IL). The legislation is a companion bill from the House to S.1654.

“The recent global health pandemic has taught us the importance of maintaining a nutrient-rich diet to maintain our health,” Boyle said in a press release. “More than 22 million Americans have chosen to sign up for a health savings account coupled with a direct-to-consumer health plan. Faced with this significant growth, actions should be taken to better meet the needs of consumers. Since HSA, FSA, and HRA require a prescription for vitamin reimbursement, it makes sense to remove the barriers to supplementing nutrient-deficient diets. Our bill takes a step in that direction.

“As the number of HSA registrations continues to grow, our bill would remove unnecessary barriers to better meet the needs of consumers. This two-party approach would allow over-the-counter vitamins and minerals to be considered eligible medical expenses under the HSA, FSA and HRA, so that a patient can use their health savings to access these dietary supplements, ”adds LaHood. .

In September, Representatives John Curtis (R-UT) and Josh Gottheimer (D-NJ) introduced a similar bill (HR 5214) that received broad industry support. “This common sense solution will help keep Americans healthy as we continue to manage the COVID-19 pandemic,” said Daniel Manufacturer, PhD, President and CEO of the Natural Products Association (NPA; Washington, DC) in a press release. “We would like to thank Representatives Boyle and LaHood and Representatives Curtis and Gottheimer for their support and look forward to working together on this important issue to the health of millions of Americans.”

The NPA Board of Directors distributed a letter to the American Herbal Products Association, the Council for Responsible Nutrition, the Consumer Healthcare Products Association and the United Natural Products Alliance, calling for support for S.1654 and the proposed accompanying law of the Chamber. “In order to continue this great momentum, it is crucial that the industry comes together to support these bills,” said Manufacturer. “As accompanying pieces of legislation with sponsors in the appropriate committees, these two bills represent our best chance to expand access to supplements.”


Source link

Previous Dietary Supplements Market Size, Forecast 2028
Next Global Food Supplements Market 2021: SWOT Analysis of Key Factors Determining CAGR Value Growth

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *