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A second chance to improve HSAs, FSAs

Senator Hatch actually introduced similar legislation three years ago, but the 2008 bill never made it to the floor for a vote. Hopefully Hatch and other supporters will have better luck this time around.

By Eric Johnson | Updated on May 27, 2011

Yesterday, Senator Orrin Hatch (R-Utah) introduced legislation to improve and expand Health Savings Accounts and Flexible Spending Accounts. Companion legislation was introduced in the House of Representatives by Representative Erik Paulsen (R-Minn.). [See Hatch bill would expand HSAs, FSAs]

The Family and Retirement Health Investment Act of 2011 will “provide American workers and retirees with a common-sense way of improving access to quality, affordable health care,” said Hatch, Ranking Member of the Senate Finance Committee and a long-time supporter of consumer-directed health care.

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