The Be Healthy. Be Rewarded™ movement could drive a national policy that has the potential to fix the increasingly problematic healthcare crisis.
ObamaCare allows companies to spend 30 to 50 percent of annual insurance premiums on rewards to encourage healthy behavior – a provision that both Democrats and Republicans support. It is the perfect time to build on this to create a national policy – the Healthy America Rewards Act of 2015.
The following is a construct of the Healthy America Rewards Act of 2015. The Act uses financial incentives as a cornerstone policy to fix the American healthcare system by providing monetary rewards to individuals for taking actions that save the system money. The Act’s basic elements are as follows:
- Consumers can earn up to $5,000 in financial incentives tax free
- Providers can earn up to $25,000 in financial incentives tax free
- All reward types are tax free (i.e., today some rewards such as gift cards and debit cards are taxable while premium reductions and other health rewards are tax free)
- Tax deductible for businesses
- All elements of incentives – the incentives and the administration – are included in medical treatment under medical loss ratio calculations of ObamaCare
- All rewards and incentives – not just smoking cessation – would be counted against the 9.5% Affordability standard under PPACA
- Inclusion of patient rewards in “community benefit’ calculations related to non-profit tax status and benefits
- Medicare restrictions limiting dollar value of rewards removed and limited to $5,000 per year
- Medicaid restrictions limiting dollar value of rewards removed and limited to $5,000 per year
- Anti-discrimination does not apply if people opt in as long as reasonable alternative standard is offered to them to earn the same incentives
- Does not violate rebate laws
- Tax incentives or credits for companies that employ incentives
Sign below to support the national policy!
Healthy America Rewards Act of 2014Read the petition