As health care costs escalate and consumerism becomes increasingly important, health savings accounts (HSAs), paired with high deductible health plans, are becoming an increasingly popular health plan option for employers. Current IRS limits on contributions, eligibility, qualified reimbursable services and complex administrative requirements hinder their overall usefulness and certainly render them less than user-friendly. Rules governing HSAs' coordination with other types of health accounts (health flexible spending accounts and health reimbursement arrangements) also present obstacles for employers and employees wishing to maximize the benefits of all three types of accounts.
The new Congress has expressed an interest in increasing the flexibility and value of HSAs and HSA plans.
Senator Orrin Hatch (R-UT) and Representative Erik Paulsen (R-MM) Introduce Broad Health Account Improvement Bills
Recently, Senator Orrin Hatch (R-UT) and Representative Erik Paulsen (R-MN) introduced bills that would improve health accounts.
National Business Group on Health's Position Statement on Health Accounts
The National Business Group on Health supports regulatory and legislative efforts to promote consumer-directed health care and health accounts.
Policy Brief — Policies to Enhance Affordable Health Coverage: Consumer-Directed Health Plans
This public policy brief examines the impact of this type of coverage on costs, quality and other important factors. It also recommends policy changes suggested by the research to make these types of plans easier to use for needed health care services.