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Chronic Disease Flexible Coverage Act
12/15/2023, 4:09 PM
Summary of Bill S 3224
Bill 118 s 3224, also known as the Chronic Disease Flexible Coverage Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide individuals with chronic diseases greater flexibility in managing their healthcare coverage.
The bill aims to achieve this by allowing individuals with chronic diseases to choose a high-deductible health plan that is paired with a health savings account. This would give these individuals more control over their healthcare spending and allow them to save money for future medical expenses.
Additionally, the Chronic Disease Flexible Coverage Act would require insurance companies to cover certain preventive services and medications for individuals with chronic diseases at no cost. This would help ensure that individuals with chronic diseases are able to access the care they need to manage their conditions effectively. Overall, the goal of Bill 118 s 3224 is to improve healthcare coverage for individuals with chronic diseases and provide them with the tools they need to better manage their conditions. The bill is currently being debated in Congress, and its ultimate fate will depend on the support it receives from lawmakers.
The bill aims to achieve this by allowing individuals with chronic diseases to choose a high-deductible health plan that is paired with a health savings account. This would give these individuals more control over their healthcare spending and allow them to save money for future medical expenses.
Additionally, the Chronic Disease Flexible Coverage Act would require insurance companies to cover certain preventive services and medications for individuals with chronic diseases at no cost. This would help ensure that individuals with chronic diseases are able to access the care they need to manage their conditions effectively. Overall, the goal of Bill 118 s 3224 is to improve healthcare coverage for individuals with chronic diseases and provide them with the tools they need to better manage their conditions. The bill is currently being debated in Congress, and its ultimate fate will depend on the support it receives from lawmakers.
Read the Full Bill
Current Status of Bill S 3224
Bill S 3224 is currently in the status of Bill Introduced since November 2, 2023. Bill S 3224 was introduced during Congress 118 and was introduced to the Senate on November 2, 2023. Bill S 3224's most recent activity was Read twice and referred to the Committee on Finance. (text: CR S5341) as of November 2, 2023
Bipartisan Support of Bill S 3224
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3224
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 3224
Chronic Disease Flexible Coverage Act
Chronic Disease Flexible Coverage Act
A bill to codify Internal Revenue Service guidance relating to treatment of certain services and items for chronic conditions as meeting the preventive care deductible safe harbor for purposes of high deductible health plans in connection with health savings accounts.
Comments
Sponsors and Cosponsors of S 3224
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