July 17, 2018

Changes to HSAs

On July 11, the U.S. House Ways and Means Committee approved a series of health care related bills. Included are provisions affecting Health Savings Accounts (HSAs) and rollbacks of some Affordable Care Act provisions. Among the changes are an increase in the HSA contribution limit and a provision to allow certain over-the-counter products to qualify as medical expenses. Other proposals would delay implementing the excise tax on high cost employer health coverage; put a temporary moratorium on the employer mandate; and allow fitness costs as medical expenses.