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Rand Paul Proposes Expanding Health Savings Accounts for All Americans

Rand Paul Proposes Expanding Health Savings Accounts for All Americans

Sen. Rand Paul (R-KY) introduced legislation on Friday that would expand Health Savings Accounts (HSAs) for all Americans.

Paul introduced S. 4367, the Health Savings Accounts for All Act of 2020.

Americans would also be allowed to use their HSAs to pay for health insurance premiums and direct primary care (DPC) agreements.

Paul had praised the IRS for proposing a rule in June that would permit employers to craft health reimbursement arrangements (HRAs) to subsidize their employees’ direct primary care (DPC) and healthcare sharing ministries (HCSMs).

That means expanding HRAs, as well as other patient-centered arrangements like association health plans (AHPs) and health savings accounts (HSAs).

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