Chronic Disease Flexible Coverage Act

Hozzl · 2023-12-15T16:09:31Z

Explore the details of Senate Bill 3224 Chronic Disease Flexible Coverage Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3224

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3224

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.