Bill 119 HR 444, also known as the "Indian Health Service Health Savings Account Act," aims to amend the Internal Revenue Code of 1986 to allow individuals who are eligible for Indian Health Service (IHS) assistance to qualify for health savings accounts (HSAs).
The bill recognizes that many Native Americans and Alaska Natives rely on the IHS for their healthcare needs. By allowing these individuals to participate in HSAs, they will have more control over their healthcare expenses and be able to save money for future medical costs.
Under current law, individuals must have a high deductible health plan in order to qualify for an HSA. However, many Native Americans receive care through the IHS, which does not always meet the requirements of a high deductible health plan. This bill seeks to address this issue by allowing individuals who are eligible for IHS assistance to still qualify for an HSA.
By expanding access to HSAs for Native Americans, this bill aims to empower individuals to take control of their healthcare and save for future medical expenses. It also recognizes the unique healthcare needs of Native American communities and seeks to provide them with additional options for managing their healthcare costs.
Overall, Bill 119 HR 444 is a step towards improving healthcare access and affordability for Native Americans who rely on the IHS for their healthcare needs.