Market Updates

‘Health Savings Act’ Would Allow Americans to Purchase Supplements with HSAs and FSAs

NPA suggests legislation would improve access and lower costs for nutritional supplements and natural products.

The Natural Products Association (NPA) has submitted comments for the record to the House Ways & Means Health Subcommittee in support of legislation that would allow American consumers to use Health Savings Account (HSA) and Flexible Spending Account (FSA) dollars on nutritional and dietary supplements. 
 
“This is a common sense approach to allow more Americans to access products that support a healthy lifestyle,” said Dan Fabricant, PhD, CEO and executive director of NPA. “More than half of Americans already safely use supplements on a daily basis to help balance their diet and ensure they are getting the vitamins they need, but this key component to a healthy lifestyle is not supported by any organized healthcare plans.”
 
The Subcommittee Member Day hearing entitled “Tax-Related Proposals to Improve Health Care” will hear oral testimony exclusively from Members of Congress who have introduced health related legislation this session, including Congressman Erik Paulsen (R-MN) who introduced the “Health Savings Act.”
 
“NPA would like to thank Congressman Paulsen for his tireless effort in getting this vitally important piece of legislation introduced and for his continued support in working to pass it into law,” said Dr. Fabricant.
 
NPA is also waging a targeted grassroots campaign in support of the legislation, generating thousands of letters to Congress since the bill’s introductions.  “NPA has been leading the charge among the dietary supplement and natural products trade associations in support of this important legislation and will continue to deploy its vast grassroots resources to see that it makes its way into law,” said Dr. Fabricant.
 
NPA’s written comments can be viewed here

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