Tax Benefits for Direct Primary Care and Health Savings Accounts.
This act aims to make direct primary care services more accessible by allowing their fees to be tax-deductible medical expenses. It also ensures that having such an arrangement does not prevent individuals from contributing to Health Savings Accounts (HSAs). This could offer citizens more flexibility in managing their healthcare costs.
Key points
Fees for direct primary care services (e.g., fixed monthly fees for access to a primary care doctor) will be treated as tax-deductible medical expenses.
Having a direct primary care arrangement will not disqualify individuals from contributing to Health Savings Accounts (HSAs), providing more flexibility in healthcare financial planning.
The monthly eligible fee amount for direct primary care that can be deducted is capped at $150 per individual (or $300 for arrangements covering more than one individual), with future indexing for inflation.
Employers will be required to report direct primary care arrangement fees on W-2 forms if provided in connection with employment.
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