The massive healthcare reform bill unveiled today by top House Democrats contains a couple of provisions that will impact those with Health Savings Accounts (HSAs).
Section 531 of the bill limits nontaxable reimbursements from Health Savings Accounts (HSAs) for drugs and medicines. After December 31, 2010, except for insulin, a prescription will be required in order for [...]
There has been a lot of news coverage this week over the showdown on the Senate Finance Committee over whether to include a public option in the healthcare reform bill. We all now know that after hours of debate two Democratic amendments to add the public option were defeated.
What the press has not been so [...]
The New York Times reported that as of the Friday 5 p.m. deadline, 564 amendments had been filed to Senator Max Baucus’ bill to reform healthcare.
One Senator, Jon Kyl, a Republican from Arizona, has offered up nine amendments aimed at preserving and improving Health Savings Accounts (HSAs).
Mark-up of the bill will begin Monday, September 22, [...]
The current proposals for health care reform in Congress, if passed, will prevent you from having an HSA-qualified health plan ever again.
Word is coming out of the Senate Finance Committee that consideration is being given to imposing an excise tax on health care benefits that exceed a specified threshold beginning in 2013. Although the threshold amount has not been finalized, reports suggest that the Committee may be considering $21,000 for family coverage. Reports also indicate that [...]
If you have an HSA and you want to keep it now is the time to act. Help President Obama and this Congress keep the promise they have been making to us.
With each passing day, I am becoming more convinced that a good many of the people who are engaging in the “debate” about healthcare reform have no clue about the issues that the Obama administration and Congress are wrestling with.
Last evening I logged on to a White House Forum on Healthcare Reform that was being [...]
Could this bill, with its proposed expansion of an already unsustainable entitlement program, just be a way of softening up the opposition for what appears to be a bit tamer bill that is expected to emerge from the Senate Finance Committee?
The Internal Revenue Service (IRS) has announced the 2010 inflation adjusted amounts for health savings accounts (HSAs) in Revenue Procedure 2009-29.
Annual contribution limitation. For calendar year 2010, the annual limitation on deductions under a high deductible health plan is $3,050 for an individual with self-only [...]
An annual census by America’s Health Insurance Plans (AHIP) of U.S. health insurance carriers released this week shows that the number of people covered by health savings accounts/high-deductible health plans (HSA/HDHPs) totaled 8.0 million in January 2009.