Affordable Care Act: HSAs Here to Stay?
HSAs are here to stay. Health Savings Accounts are included in some of the new ObamaCare plans offered on and off the exchange.
HSAs (Health Savings Accounts) will be available to enrollees in markets where they are available. HSAs are high-deductible, tax advantaged health savings plans. Money contributed to an HSA is not subject to being taxed when deposited. With these plans the money in the savings account can be used to pay for medical services right away, and funds not used will roll over and accumulate. These plans generally have lower monthly premiums because of their high-deductible. Click here to get an individual HSA health plan quote.
HSAs have specific contribution limits and the design of the plan is generally different than other health plans, however Health Savings Accounts offer an extensive list of HSA tax-free contribution benefits. Call 800-930-7956 or contact Medicoverage to learn more about HSA plans in your area. .