What Is a Health Savings Account?
January 25, 2017
Leading GOP alternatives to the Affordable Care Act (ACA) rely on Health Savings Accounts (HSAs), which do little or nothing to help the uninsured afford coverage but offer high-income people lucrative tax-sheltering opportunities.
Under current law, people in a high-deductible health plan - meaning a deductible of at least $2,600 for a family, which applies to virtually all services except preventive care - may establish an HSA to save for out-of-pocket health expenses.