Bill 118 s 5633, also known as the Medicare Flex Fund Accounts Act, is a proposed piece of legislation in the US Congress. The main purpose of this bill is to create Medicare flex fund accounts, which would allow individuals ...
to set aside money for medical expenses that are not covered by traditional Medicare.
Under this bill, individuals would be able to contribute to these flex fund accounts on a tax-free basis, similar to a health savings account. The funds in these accounts could be used to pay for a variety of medical expenses, such as prescription drugs, medical devices, and certain types of treatments that are not covered by Medicare.
In addition to establishing these flex fund accounts, the bill also includes provisions for increasing transparency and accountability in the Medicare program. It aims to ensure that Medicare funds are being used efficiently and effectively to provide quality healthcare to beneficiaries.
Overall, the Medicare Flex Fund Accounts Act seeks to provide individuals with more flexibility and control over their healthcare expenses, while also promoting greater transparency and accountability in the Medicare program.