{"id":494638,"date":"2010-03-31T15:52:13","date_gmt":"2010-03-31T19:52:13","guid":{"rendered":"http:\/\/www.szone.us\/f95\/side-effects-obamacare-may-fatal-your-hsa-41651\/"},"modified":"2010-03-31T15:52:13","modified_gmt":"2010-03-31T19:52:13","slug":"side-effects-obamacare-may-be-fatal-for-your-hsa","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/494638","title":{"rendered":"Side Effects: Obamacare May Be Fatal for Your HSA"},"content":{"rendered":"
On 03.31.10 11:00 AM posted by Kathryn Nix<\/p>\n

\n<ahref="http:\/\/blog.heritage.org\/wp-content\/uploads\/SideEffectsLogo1.jpg">\"\"<\/p>President Obama promised Americans that \u0093If you like the plan you have now, you can keep it.\u0094* It was a fundamental promise of Obamacare.<\/p>\n

But if the coverage you like comes via a Health Savings Account (HSA) or a Flexible Spending Account (FSA), that promise may not hold.<\/p>\n

A recent <ahref="http:\/\/hsaconsultingservices.com\/">analysis from HSA Consulting Services concludes the new law will probably lead to major changes in how consumers can use such plans.* And many of those changes may make the accounts far less appealing.* It all depends of how the Department of Health and Human Services writes the regs, says study author Roy Ramthun.<spanid="more-30285"><\/span><\/p>\n

The Obamacare law limits these consumer-controlled accounts in two ways:* it restricts the types of health products you can purchase with your HSA money, and it reduces the amount of money you\u0092ll be able to put into your FSA.<\/p>\n

Unsurprisingly, there\u0092s a price hike, too.* It doubles\u0097to a whopping 20 percent\u0097the tax penalty for withdrawing HSA funds to cover non-medical expenses.<\/p>\n

But the worst news for those using HSAs is the provision requiring all policies to cover at least 60 percent of the actuarial value of the benefits offered.* What\u0092s the actual value?* No one really knows\u0097not until the Health and Human Services Department issues regulations on how to calculate it.<\/p>\n

Will contributions to HSAs be included in these actuarial-value calculations?* HHS Secretary Kathleen Sebelius will make that call.* And if she rules \u0093no,\u0094 then high-deductible health plans including HSAs will no longer be viable\u0085 and you can kiss your plan good-bye.<\/p>\n

A major problem with our health system is that consumers typically have little say in how their health care dollars are spent.* HSAs and FSAs help vest that decision-making power in the hands of consumers, rather than in HSS bureaucrats.<\/p>\n

To learn more about the benefits of consumer-driven, patient-centered health reform, <ahref="http:\/\/www.heritage.org\/Research\/Reports\/2006\/10\/Building-on-the-Successes-of-Health-Savings-Accounts">click here.<\/p>\n

http:\/\/blog.heritage.org\/2010\/03\/31\/…-for-your-hsa\/<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

On 03.31.10 11:00 AM posted by Kathryn Nix <ahref="http:\/\/blog.heritage.org\/wp-content\/uploads\/SideEffectsLogo1.jpg"><\/p>President Obama promised Americans that \u0093If you like the plan you have now, you can keep it.\u0094* It was a fundamental promise of Obamacare. But if the coverage you like comes via a Health Savings Account (HSA) or a Flexible Spending Account (FSA), that promise may not […]<\/p>\n","protected":false},"author":4292,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-494638","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/494638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4292"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=494638"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/494638\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=494638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=494638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=494638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}