Browsing: Health savings accounts

Insurance

ABA today applauded the passage of H.R. 1270, the Restoring Access to Medication Act. The bill — which advanced by a bipartisan vote of 243 to 164 — expands the range of health care products and services covered by health savings accounts and increases the amount individuals can contribute to their HSAs each year.

Newsbytes

The ABA HSA Council’s Board of Directors met in Washington D.C., June 28-29 to discuss the future of health savings accounts in light of the elections this fall and to visit with members of Congress about pending legislation expanding contributions to HSAs.

Insurance

In a letter to the U.S. Department of Heath and Human Services last week, ABA urged it to reconsider a recently issued regulation that would effectively eliminate health savings account-qualified health plans from insurance exchanges beginning next year, causing an estimated 2.8 million Americans to lose their coverage.

Newsbytes

ABA’s Health Savings Account Council issued a statement today in support of the House and Senate versions of the Health Savings Act of 2016, which would exempt employee contributions made to HSAs from the Affordable Care Act’s excise (or “Cadillac”) tax, streamline the HSA administration process and make HSAs more widely available to more Americans.