ABA’s Health Savings Account Council was represented at a White House meeting today convened by Vice President Mike Pence and Secretary of Health and Human Services Tom Price.
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Sens. Orrin Hatch (R-Utah) and Marco Rubio (R-Fla.) and Rep. Erik Paulsen (R-Minn.) yesterday introduced the Health Savings Act of 2017, a bill which would enhance and expand health savings accounts.
ABA’s Health Savings Accounts Council today applauded the inclusion of an HSA-qualified plan in the bronze tier of proposed “simple choice plans” that will be available through state health insurance exchanges in 2018.
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.
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.
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.
In an op-ed in The Hill today, ABA’s Kevin McKechnie voiced his support for proposed legislation that would exempt employee contributions to HSAs from the Affordable Care Act’s excise (or “Cadillac”) tax.
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.
Regulatory uncertainty about how the Affordable Care Act’s excise tax on so-called Cadillac health plans will affect health savings accounts is causing employers to eliminate payroll deduction contributions to HSAs, according to a study released today by ABA’s HSA Council.