Three Cheers for Sen. Hatch

June 7, 2011
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The Family and Retirement Health Investment Act of 2011 will:

The Family and Retirement Health Investment Act of 2011 will:

  • Allow a husband and wife to make catch-up contributions to the same HSA;
  • Remove the onerous new restrictions on the use of HSA and FSA dollars for the purchase of over-the-counter drugs;
  • Allow individuals to roll-over up to $500 from their FSA accounts;
  • Clarify the use of prescription drugs as preventive care that will not be subject to an HSA-eligible plan deductible;
  • Reauthorize the use of Medicaid health opportunity accounts;
  • Promote wellness by expanding the definition of qualified medical expenses to encourage more exercise and better diet;
  • Allow seniors enrolled in Medicare Part A to continue contributing to their HSAs; and
  • Allow for the purchase of low-premium health insurance and long-term care insurance with HSA dollars.

Read full post on the Family and Retirement Health Investment Act of 2011.