Press Releases

Washington, D.C. — U.S. Senators Marco Rubio (R-FL) and Tim Scott (R-SC) reintroduced the Health Savings Act to simplify and expand Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), which provide Americans opportunities to save for medical costs through tax-deductible contributions. Rubio first introduced this bill in February of 2017. Rubio, Scott Reintroduce Bill to Expand Tax-Free Medical Savings Accounts to Cover Out-of-Pocket Costs
“Health savings accounts empower families and individuals to have more financial control in their health care choices,” Rubio said. “I am proud to reintroduce this commonsense, pro-family legislation alongside Senator Scott to make managing the cost of health care more feasible for Americans.”
“As we continue to fight this pandemic, it has never been more crucial to give every American the flexibility and quality care that serves their individual health needs,” Scott said. “The last year has reminded us of the importance of empowering families to save and plan for future medical expenses. By giving those with health savings accounts more control over their own medical expenses, we can dramatically improve affordability and access to care for 22 million Americans.”