Health Savings Accounts feature prominently in the new healthcare bill being considered by the U.S. House of Representatives, with a variety of changes in store. But research shows not many participants are actually saving money beyond the initial tax break. [Reuters]
Health Savings Accounts have been around since 2004 and, aside from a few tweaks along the way and an annual adjustment for inflation, are pretty much the same as they were when they were first introduced. That could soon be changing, though. Nearly every major proposal to repeal and replace the ACA—as well as several recently filed bills—include multiple suggestions to improve and expand HSAs.
This is part two of a two-part “After ACA” webinar series. In this session, nicknamed “OPPORTUNITY,” we focus on the detailed effects by market segment, what the carriers are talking about behind the scenes, the “wish list” of agent organizations and industry insiders, and, most importantly, the opportunities that will emerge as the major provisions of the ACA are rolled back.
Since the ACA was signed into law, a number of changes have been made to all types of tax-advantaged accounts, including FSAs, HRAs, and HSAs. In this course, we examine those changes and take a look at some of the others that may be on the horizon.
ECFC Executive Director Marty Trussell shares his thoughts about the role of consumerism as an employee benefits strategy along with his predictions about the future of account-based health plans.
In this session…
It’s officially tax season, so this is a great time to review the ways your health insurance—or lack of health insurance—could impact your tax return.
The answer depends on who the beneficiary is. [0:42]
And whose responsibility is it to keep track of it all? [1:39]
Does the employer have any liability? [1:00]
And what about medical supplies that you buy at a drug store? [1:03]
If you wait until you have a claim, you’re out of luck. [1:16]
It depends on the effective date of your High Deductible Health Plan. [1:08]
In this session…
As of January 1, 2011, over-the-counter drugs purchased without a prescription are no longer an eligible expense under an FSA, HRA, or HSA.