One Family’s Approach to Financing Care

October 18th, 2018

  “We received a $500 prompt-pay discount and saved approximately $600 on the $1,900 net bill. So, between prompt-pay discount (drawing on Health FSA funds that hadn’t yet been deducted from my paycheck) and the tax savings, our net cost was about $1,300. In contrast, the person in the next chair probably wasn’t covered by.. Read more

A Better HSA Option for Seniors

October 4th, 2018

  “If the program ends up depriving the federal treasury of tax revenue, it’s only because older couples are allowed to keep a little more of their resources to pay for . . . retirement medical expenses. . . With concerns about the financial pressures on so many senior citizens who live on fixed incomes,.. Read more

Solving a Small Businessman’s Coverage Dilemma

September 20th, 2018

“This is the ultimate twofer. With as little as one month’s coverage in 2018, they can make the full $6,900 family contribution for 2018 (and they have until April 15, 2019, to deposit the funds), then turn around Jan. 1 and place another $7,000 in their HSAs.” William G. (Bill) Stuart Director of Strategy and.. Read more

In Defense of the Cadillac Tax

September 6th, 2018

“What to do? US Sen. John Kerry came up with perfect answer: Preserve the employer exclusion and impose a 40% excise tax on the amount of the premium that exceeded a particular threshold set by the government. Impose the tax on insurers and position it as punishment to insurers . . . for offering high-cost.. Read more

Getting to 60 on HSA Expansion

August 22nd, 2018

“Democrats will point to statistics showing that most HSA owners don’t accumulate large balances because they don’t have sufficient discretionary income to contribute to the current statutory limits. . . But for many, an HSA is merely an alternative to a Health FSA. . . No one criticizes Health FSAs because participants don’t build balances.. Read more

HSA Critics Aim at the Wrong Target

August 9th, 2018

“It’s important to see an HSA for what it is, a financial account with tax benefits, and not what it isn’t, medical coverage with high financial barriers to care. Once we establish these principles, we can have a debate about the merit of HSAs. On the other hand, who’s going to take the position that.. Read more

The Moral Case for HSA Expansion

July 25th, 2018

“Current law discriminates against working seniors who are enrolled in HSA-qualified plans based on their income and the size of their employers. This discrimination simply isn’t fair, especially when there is a fairly simple solution. As more Americans understand this issue, members of Congress will have an increasingly difficult time defending this ongoing discrimination.” William.. Read more

Are You Part of the 12%?

July 11th, 2018

“Too often, companies introduce their HSA program during open-enrollment meetings. Usually, by the time presenters review the benefits of the medical options, there’s little time to discuss the medical account. Ideally, you start your HSA education program four to six months before the start of the new medical plan year. The goal is to teach.. Read more

Texas v. Azar: The Next ACA Battleground

June 20th, 2018

“It turns out that this shift to save the law may have reduced the threshold to amend it from the 60 votes normally required in the Senate for regular legislation to 51 through the reconciliation process, depending on what several courts say during the next year or two.” William G. (Bill) Stuart Director of Strategy.. Read more

Expanding HSAs

June 6th, 2018

“Giving more Americans with high medical, dental, and vision expenses more opportunities to pay less for these services should be a priority that every American, and member of Congress, can support.” William G. (Bill) Stuart Director of Strategy and Compliance June 7, 2018 The Health Savings Account industry, represented by the American Bankers Association HSA.. Read more

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