H.R. 5842, Restoring Access to Medication Act of 2012

Cost Estimate

As ordered reported by the House Committee on Ways and Means on May 31, 2012

SUMMARY

H.R. 5842 would amend the Internal Revenue Code to repeal the provisions that disqualify expenses for over-the-counter medicine under health savings accounts (HSAs), Archer medical savings accounts (Archer MSAs), health flexible spending arrangements (FSAs), and health reimbursement arrangements (HRAs). The bill would thus allow costs for over-the-counter medications to be eligible for reimbursement by funds in those tax-favored accounts.