Views Replacing ACA? Hard. Keeping HSAs? No Problem.
Employee Benefit Adviser
It is doubtful that there is a Republican in Congress who doesn’t support health savings accounts. HSAs were enacted as part of the Medicare Modernization Act of 2003, which extended drug coverage under Medicare. For many conservative Republicans, the HSA provisions were the only reason that they voted for a law they thought was expanding government spending in healthcare. Since then, Republicans have been tinkering with the law to increase the number of people covered by HSAs.
We now have a new bill to repeal the ACA, the American Health Care Act that passed in the House of Representatives on May 4, 2017. This new bill contains a number of provisions that are helpful to people who participate in HSA programs.
“My Money, My Health” is supported by the Employers Council on Flexible Compensation (ECFC), the leading nonprofit organization promoting choice in benefit solutions. For more information, please visit ecfc.org.