Improving Health Savings Accounts

Health Savings Accounts (HSAs) were first established as part of the Medicare Modernization Act of 2003. HSAs combine high-deductible health plans (HDHP) with a personally owned, tax-preferred and portable health savings account. Individuals with a HDHP may use their HSA to pay for qualified medical expenses. To qualify for an HSA, a high-deductible plan must have a minimum deductible of $1,000 for an individual policy and $2,000 for a family policy. The maximum yearly out-of-pocket spending can be no more than $5,000 for an individual and no more than $10,000 for a family. Tax-free contributions to HSAs are currently capped at $3,400 for individuals and $6,750 for families. All deductibles, out-of-pocket spending, and contributions are indexed to medical inflation.

Briefs

Improving Health Savings Accounts

Background: Health Savings Accounts (HSAs) were first established as part of the Medicare Modernization Act of 2003. HSAs combine high-deductible health plans (HDHP) with a…

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Blog posts

Here Are 3 Reasons the Senate Health Care Bill Should Expand Individual Health Accounts

By Jarrett Stepman, Editor for The Daily Signal As Congress works to undo the damage caused by Obamacare, members are looking for ways to maximize their…

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Health Reform: Lowering Cost is Priority No. 1

A recent article written by Kevin B. O’Reilly of the American Medical Association (AMA), argued that Republicans should focus health care reform efforts on protecting…

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5 Things Tom Price should do in his first 100 days as HHS Secretary

This is the opportunity we've all been waiting for.…

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What Comes After Repeal? How to Fix American Health Care, Part 2

By Heritage Foundation President Jim DeMint Thursday, I laid out the case for why Obamacare should be repealed, instead of propped up and tinkered on…

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Potential Solutions for Health Care Reform Post Obamacare

Earlier this week, President-elect Donald Trump announced Rep. Tom Price (R-GA) as his pick for secretary of Department of Health and Human Services (HHS). Rep.…

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Congress Set to Vote on 1,000 Page Omnibus Health Care Spending Bill

On Wednesday, the House of Representatives is expected to vote on an updated version of the 21st Century Cures Act (H.R. 34). Sponsored by Representative…

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