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Legislation would allow dietary supplements to be considered deductible medical expenses under HSAs and FSAs.
February 21, 2017
By: Sean Moloughney
Editor, Nutraceuticals World
The Council for Responsible Nutrition (CRN), Washington, D.C., has welcomed the introduction of Health Savings Act of 2017, S. 403 in the Senate and H.R. 1175 in the House, which would allow dietary supplements to be considered deductible medical expenses under Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). The legislation, sponsored by Senator Orrin Hatch (R-UT) and Representative Erik Paulsen (R-MN), has been an ongoing priority for CRN as part of its legislative efforts to increase the affordability of dietary supplements for all Americans. “Overall, dietary supplements help people live healthier lives, and certain supplements, when used in specific populations, can even help reduce healthcare costs. The more than 170 million Americans taking supplements annually should have the ability to use pre-tax dollars to purchase their supplements, and this legislation would accomplish just that, further encouraging consumers to make cost-effective healthcare decisions,” said Mike Greene, senior vice president, government relations, CRN. “We embrace the introduction of Health Savings Act of 2017 as progress for the dietary supplement industry and its consumers, and we look forward to continued collaboration with the 115th Congress.”
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