“At the focal point of President-elect Donald Trump’s plan to replace the Affordable Care Act is a more than decade-old and widely available feature of the U.S. health-care system that, despite its prevalence, has a track record of being underused and misunderstood. Expanding health savings accounts — which are tax-exempt and used to pay for medical expenses — stands out as one of few details in the president-elect’s bare-bones plan to replace the Affordable Care Act. HSAs have been a hallmark of many Republican health plans because, the argument goes, they make patients more responsible for how they spend medical dollars.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The buzz about elevating HSAs is good news for LTCI as premiums can be paid tax free from such accounts (subject to the usual limits).
Health savings accounts are a crown jewel of ‘Trump Care’