WEAR IT Act

The WEAR IT Act (HR 4203) allows individuals to use funds from health savings accounts (HSAs), Archer MSAs, and health flexible spending accounts (FSAs) to cover the cost of certain medical wearable devices. It directly affects people with these tax-advantaged health accounts who use devices like glucose monitors or cardiac trackers that collect health data or assist in diagnosing/treating medical conditions. The bill defines "wearable devices" as body-worn hardware or software that analyzes physiological data for medical purposes or aids diagnosis/treatment, with a $375 annual limit per device. This change takes effect for expenses incurred after December 31, 2025.