Affordable Care and Comprehensive Economic Support through Savings Act
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Summary
This bill allows individuals enrolled in high-deductible health plans through the Affordable Care Act's health insurance exchanges to elect to receive direct contributions to a health savings account instead of receiving reduced cost-sharing subsidies. If an eligible individual makes this election, the health insurance issuer would deposit funds equal to the value of the cost-sharing reduction they would have received into their HSA, with the federal government reimbursing the issuer. The bill requires exchanges and insurers to provide information about this option beginning January 1, 2025, and appropriates funds to support these HSA contributions.
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How your representatives voted
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