Repeal of the Affordable Care Act could lead to a more prominent place for the health savings account.
CNBC reported that the tax-advantaged Roth HSA, which provides savers with a tax-sheltered means of investing funds meant to pay for health care expenses, is the brainchild of Senators Bill Cassidy, R-LA, and Susan Collins, R-ME.
The two propose the creation of Roth HSAs in a bill they drafted aimed at getting people to use such accounts in helping pay for health insurance premiums and out-of-pocket costs. It's part of the pair's strategy in repeal of the ACA.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
