The Employee Benefit Research Institute recently published a batch of data on the vehicle at the heart of many Republican proposals for replacing the Affordable Care Act — the health savings account.
Donald Trump included a revamped HSA program in his ACA replacement proposals while he was running for president. His pick to be the next Health and Human Services secretary, Tom Price, has also been a strong advocate of expanding the HSA program.
The current HSA program lets consumers and employers put money into an individually owned HSA. Consumers can avoid paying taxes on either the contributions or the withdrawals, as long as they spend the money on qualified medical expenses.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
