{"id":1992907,"date":"2023-08-07T08:07:02","date_gmt":"2023-08-07T12:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ted-cruz-seeks-to-expand-accessibility-to-healthcare-through-pre-tax-savings-accounts\/"},"modified":"2023-08-07T08:09:13","modified_gmt":"2023-08-07T12:09:13","slug":"ted-cruz-seeks-to-expand-accessibility-to-healthcare-through-pre-tax-savings-accounts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ted-cruz-seeks-to-expand-accessibility-to-healthcare-through-pre-tax-savings-accounts\/","title":{"rendered":"Ted Cruz aims to enhance healthcare accessibility via pre-tax savings accounts."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fted-cruz-seeks-to-expand-accessibility-to-healthcare-through-pre-tax-savings-accounts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1992907&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>EXCLUSIVE \u2014 Taxpayers \u200dCould See Expanded Healthcare Options Under \u200bNew Bill<\/h2>\n<p>Taxpayers who <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stimulus-check-update-direct-payment-worth-up-to-400-to-be-paid-to-massachusetts-residents-in-five-days\/\" title=\"MA residents to receive 0 direct payment in 5 days.\">receive financial assistance<\/a> to cover healthcare costs could see their\u200d options dramatically \u200cexpanded under \u2062a new bill being introduced by Sen. Ted\u2063 Cruz (R-TX).<\/p>\n<p>Under the\u200d <strong>Personalized \u200dCare \u200bAct<\/strong>, which\u200b was filed by\u2062 Cruz late\u200d last week, those who receive\u200c healthcare benefits through\u200c Health\u2062 Savings Accounts could \u2063see their options become more \u2063portable by \u200dbecoming more accessible through <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ted-cruz-seeks-to-expand-accessibility-to-healthcare-through-pre-tax-savings-accounts\/\" title=\"Ted Cruz aims to enhance healthcare accessibility via pre-tax savings accounts.\">major medical health\u200c insurance plans nationwide<\/a>. The legislation\u200b would increase the \u200cmonetary limits patients can request through HSA accounts as\u2063 well as allow individuals to use the savings accounts to \u200dpay for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/preview-president-biden-to-unveil-1-8-trillion-american-families-plan-during-his-address-to-congress\/\" title=\"PREVIEW: President Biden To Unveil .8 Trillion \u2018American Families Plan\u2019 During His Address To Congress\">health insurance premiums<\/a>, according to the bill first shared with the Washington Examiner.<\/p>\n<h3>Biden \u200cand Republicans\u2063 Duke It \u2062Out to Define\u2064 the Economy<\/h3>\n<p>\u201cI am proud to lead the fight to increase accessibility to healthcare. By considerably expanding HSAs, Texans \u2014 and all \u200bAmericans\u2064 \u2014\u200d will gain\u200b access to more \u200dportable, individualized healthcare,\u201d Cruz\u2062 said in a\u2064 statement. \u201cAmerican\u2063 people should be able to manage their own healthcare, not the bureaucracy. It\u2019s time to remove \u2064the middleman, and allow Americans to make decisions about how and when\u200d they will get care for themselves. I\u2063 urge\u2063 my colleagues to pass this legislation expeditiously.\u201d<\/p>\n<p>HSAs are personal savings accounts that\u200c can be used\u2063 to cover certain\u200b healthcare expenses by withdrawing \u2063money tax-free, so long as\u200b the funds go toward qualified \u2062medical costs such as\u2064 deductibles, copayments, insurance costs, \u200dand more.<\/p>\n<p>Through the <strong>Personalized Care Act<\/strong>, HSA\u2062 holders would be able to expand their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-made-a-mistake-uber-accidentally-tells-some-drivers-theyve-got-some-health-insurance\/\" title=\"\u2018We Made A Mistake\u2019: Uber Accidentally Tells Some Drivers They\u2019ve Got Some Health Insurance\">health insurance plans<\/a> by allowing patients \u200dto use the accounts to\u2064 pay for periodic\u2064 fees such as\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-data-shows-public-school-exodus-continuing\/\" title=\"New Data Shows Public School Exodus Continuing\">direct primary care<\/a> or health \u200ccare sharing ministries. In doing so, the legislation would establish such arrangements as being \u201cqualified medical expenses.\u201d<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">CLICK HERE TO READ MORE FROM \u200dTHE WASHINGTON EXAMINER<\/a><\/p>\n<p>The \u200dbill\u2063 would lift the contribution limits \u200daccount holders could use, increasing the maximum amount to $10,800 for\u200d individuals and $29,500 for families.\u200d The legislation would \u200balso repeal any enhanced penalties\u2064 for nonqualified distributions.<\/p>\n<p>The <strong>Personalized Care Act<\/strong> is cosponsored in the Senate by Sens. Mike \u2063Braun (R-IN)\u2064 and \u200bJames Risch (R-ID), and a version\u2062 of the bill is set\u200d to\u200b be introduced\u200b by\u200b Rep. Chip Roy (R-TX).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE \u2014 Sen. Ted Cruz (R-TX) is introducing the Personalized Care Act, aiming to expand healthcare options for taxpayers receiving financial assistance. The bill could significantly broaden the choices for those benefiting from Health Savings Accounts.<\/p>\n","protected":false},"author":1,"featured_media":1992908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1992907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1992907"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1992908"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1992907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1992907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1992907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}