Congressman Biggs Introduces the Health Savings Accounts for All Act
GILBERT, ARIZONA – Today, Congressman Andy Biggs introduced the Health Savings Accounts for All Act to allow more Americans to make their own decisions about how they spend their hard-earned dollars on healthcare. This is the House companion to S.4367, previously introduced by Senator Rand Paul.
Among other reforms, the Health Savings Accounts for All Act eliminates the existing requirement that individuals must be enrolled in a high-deductible health plan in order to make tax-free contributions to HSAs, removes the annual limit on tax-deductible contributions to HSAs by both individuals and their employees, and allows Americans to use HSAs to pay for health insurance premiums.
Representatives Russ Fulcher (ID-01), Scott Perry (PA-10), Troy Balderson (OH-12), Paul Gosar (AZ-04), Jody Hice (GA-10), Chris Stewart (UT-02), Debbie Lesko (AZ-08), Ted Yoho (FL-03), Andy Harris (MD-01), and Chip Roy (TX-21) co-sponsored this bill.
Congressman Biggs issued the following statement:
“The HSA has been one of the most important healthcare reforms of the past two decades. These accounts offer a win-win to hardworking individuals and families by bundling a highly flexible medical option with an enormously advantageous savings tool.
“And yet, HSAs are still underused. While 26 million citizens already have one—which is an encouraging start—that number could be much higher if we eliminated government restrictions that are preventing more Americans from choosing this option. Consumer choice, not government mandates, must continue to drive healthcare reform in our country. HSAs are a critically important option in the marketplace, and the Health Savings Accounts for All Act will go a long way toward ensuring they are available to as many Americans as possible.”
Congressman Andy Biggs is a second-term Representative from Arizona’s Fifth Congressional District, representing parts of Chandler, Gilbert, Mesa, and Queen Creek. Congressman Biggs is a member of the House Judiciary and Science, Space, and Technology committees. He lives with his wife, Cindy, in Gilbert.