Executive order, senate legislation enhance HSA-HDHPs coverage of chronic disease services
Earlier this week, the president signed an executive order, and Sens. John Thune (R-S.D.) and Tom Carper (D-DE) introduced bipartisan legislation that allow health savings account eligible high-deductible health plans (HSA-HDHPs) the flexibility to cover essential medications and services used to treat chronic diseases prior to meeting the plan deductible.
These actions are the result of more than a decade of advocacy by the U-M V-BID Center and its many collaborators.
“Giving HSA-HDHPs the option to cover high-value services on a pre-deductible basis will mitigate cost-related non-adherence and enhance patient-centered outcomes,” said A. Mark Fendrick, M.D., Director, V-BID Center. “Our recent research shows that this policy will provide millions of Americans a plan option that better meets their clinical and financial needs and will likely reduce federal expenditures.”
More information on the executive order, the bill, and HSA-HDHPs can be found by clicking here.