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How’s your HSA?

Even though the popularity of HSAs has grown substantially over the past few years, the government that designed the product is slowly trying to destroy it.

By Mark Roberts | Updated on June 13, 2013

Health savings accounts are great for saving money on health related expenses, and they were originally designed by Congress as a way to help offset the rising cost of medical care by using pre-tax dollars. They also make a great savings vehicle. However, even though the popularity of HSAs have grown substantially over the past few years, the government that designed the product is slowly trying to destroy it. Why is that?

According to Sterling HSA, more important milestones are approaching related to the Patient Protection and Affordable Care Act. Under PPACA, the Patient-Centered Outcome Research Institute was formed. PCORI, a nonprofit corporation, was created to research and evaluate clinical effectiveness of medical treatments. PPACA stipulates that this entity will be funded in part by the PCORI fee.

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