- A $ 2 trillion expense bill to save the economy and health from the coronavirus pandemic was approved by the U.S. Senate last night. It is now on the way to the house.
- A provision in the bill would allow people to use health savings accounts and a flexible spending account to pay for menstrual products, which is not currently allowed.
- You can deposit money from your paycheck into these accounts without paying taxes on it, which effectively makes buying menstrual products cheaper.
- The determination extends to pads, tampons, cups, sponges and liners.
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Shoppers are on the verge of pausing to purchase products from the period under a provision included in the $ 2 trillion corona virus package that Congress is going through.
The Change of law would allow people to pay for sanitary napkins, tampons, cups, sponges and liners with flexible spending accounts and health savings accounts that use pre-tax dollars that are deducted from workers' paychecks. Under current law, these accounts can be used to purchase contact solution for sunscreen and aspirin, but not for paying for menstrual products.
That would change as part of the coronavirus bailout, which runs ahead of Friday's house and is expected to get President Donald Trump's signature this weekend. The bill would reclassify period products as "medical expenses" so buyers can buy them in-store using their FSAs or HSA debit cards.
Although most of the coronavirus legislation, known as the CARES law, aims to alleviate rising unemployment and save an overwhelmed health care system, the fast lane of the law has sparked lobbying that has allowed other priorities to be addressed by legislators has worked. The determination was already in the Senate bill already on Sunday.
This is not the first time that the topic has been raised in Congress. The house had adopted a similar measure in 2018, however this bill was never admitted to the Senate.
Proponents of the change have referred to the law and other restrictions on access to menstrual products as "tampon tax." To see this as part of a broader push for policy changes to improve access to products, whether they need to be stored in schools or menstrual products are exempt from government sales taxes.