WASHINGTON, DC, March 27, 2023 – In a letter sent today to Senators Tom Carper (D-DE) and John Thune (R-SD), The ERISA Industry Committee (ERIC) applauded the introduction of legislation that will allow employers to cover a limited but critical set of medical needs related to chronic disease management prior to the patient reaching his or her plan deductible.
“High deductible health plans paired with health savings accounts need critical updates to benefit Americans living with chronic conditions,” said James Gelfand, President of ERIC. “The Chronic Disease Management Act will not only codify improvements proposed by the U.S. Department of the Treasury from July 2019, but provide certainty to employers and their workers, greatly increasing the likelihood that health benefits will improve and provide increased pre-deductible coverage for patients.”
The bill will also allow employers to integrate greater value-driven insurance design into their health benefits, while maintaining the beneficiary-shared responsibility that consumer-drive health plans are built upon.
To read ERIC’s support letter, click HERE.