Congresswoman Kat Cammack, Senator Rick Scott Lead Legislation To Expand HSAs, Support Families Using IVF
WASHINGTON, D.C. — Today, Congresswoman Kat Cammack and Senator Rick Scott introduced the Increasing Value for Families (IVF) with HSAs Act to help individuals and families better plan and pay for medical expenses, like in vitro fertilization (IVF), by decoupling Health Savings Accounts (HSA) from high-deductible health plans, and doubling the current contribution limits on HSAs from $4,300 to $8,600 for individuals and $8,550 to $17,100 for families.
Senator Scott and Rep. Cammack are also leading a bicameral resolution expressing their full support of IVF.
"I'm pleased to join Senator Scott on this effort to support American families and look forward to growing the legislation’s support in the House," said Rep. Kat Cammack. "Building and growing a family is part of the American dream for millions in our country, but for too many parents and parents-to-be, IVF's high costs put the option out of reach. By expanding HSA eligibility and increasing contribution limits for those HSAs, we're pursuing solutions that will help make dreams reality. I'm proud of Florida legislators' leadership on this issue and encourage my colleagues to join me in standing by our young families."
Senator Rick Scott said, "IVF is a wonderful thing that enables so many Americans to start and grow their families. For me and my family, the blessing of IVF is personal, as my youngest daughter is currently undergoing IVF treatments to grow her family. While IVF is a blessing that is widely available and overwhelmingly supported, its high cost remains a barrier for many families and that’s something that ought to change. Today, I'm proud to introduce the Increasing Value for Families (IVF) with HSAs Act to help support current and aspiring parents looking at IVF as a way to grow their family, and be joined by Rep. Kat Cammack who will lead this effort in the House. Our proposal allows every individual and family to better plan and pay for medical expenses, such as IVF, by expanding eligibility for Health Savings Accounts and increasing the current contribution limits on those HSAs. This bill is commonsense and what American families expect out of Washington – solutions that make their lives easier and dreams possible. I urge all of our colleagues to join us in fighting to quickly pass this bill and help families plan for medical expenses, and hopefully expand their families and bring more beautiful children into the world."
In March, Congresswoman Cammack introduced a resolution in the House of Representatives expressing support for Americans who are starting and growing families through in vitro fertilization (IVF). Senator Scott leads the resolution in the U.S. Senate. Read more here.
Original House cosponsors include Reps. Tom Kean Jr. (R-NJ-07) and Lori Chavez-DeRemer (R-OR-05).
View the legislative text here.
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