Foxx Votes to Improve Health Savings Accounts, Increase Access to Health Care

Press Release

Rep. Virginia Foxx, R-N.C., today voted in favor of legislation that improves access to health care through much-needed modifications to health savings accounts and provides targeted relief from Obamacare.

"Health savings accounts foster a real sense of ownership and control over health care decisions," said Foxx. "This legislation makes common-sense improvements to mechanisms that allow Americans to save for health care expenses and budget according to their specific needs."

H.R. 1270, the Restoring Access to Medication Act of 2015, repeals the Obamacare prohibition on using tax-free funds from health savings accounts to purchase over-the-counter medication without a prescription.

The legislation also allows both spouses to make catch-up contributions to the same health savings account, provides more flexibility between incurring certain medical expenses prior to the establishment of a health savings account and increases the maximum contribution limit to a health savings account to match the combined annual limit on out-of-pocket and deductible expenses under their health savings account-qualified insurance plan.

Additionally H.R. 1270 expands the federal government's ability to recover funds from people who receive improper Obamacare subsidy overpayments.

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