Health Care Reform – Impact on HSAs Revealed
Health Care Reform - Impact on HSAs Revealed - Image via Wikipedia
How will HSAs be affected with the new Health Care Reform? HSA resources, one of the leading HSA providers in the nation has just released information via a webinar to show what impact the new Health Care Laws will have upon HSAs.
Under the new Patient Protection and Affordable Care Act (PPACA) the term HSA shows up only six times and the law makes just two specific direct changes to Health Savings Accounts. The two changes are (1) to eliminate drugs purchased over the counter from being an eligble medical expense and (2) escalating the penalty from 10% to 20% for any non-elgible distributions.
The webinar discusses these two changes and then addresses seven changes that could dramatically affect HSAs and even potentially elimanate them.
HSA Resources, one of the nation’s leading HSA providers, just released its new webinar: The Impact of Health Reform on HSAs. This webinar is designed for the professional that wants the details on how the new law impacts Health Savings Accounts (HSAs). The new Patient Protection and Affordable Care Act (PPACA) only includes the acronym HSA six times and the law and only makes two direct changes to HSAs: (1) eliminating over-the-counter drugs as an eligible medical expense, and (2) increasing the penalty for non-eligible distributions from 10% to 20%. This webinar goes beyond these relatively minor changes and focuses on seven indirect changes that could dramatically impact HSAs and potentially even eliminate them.
We believe in HSAs and want to concentrate attention to areas of the new law that could impact HSAs,” said Whitney Johnson, cofounder of HSA Resources and leader of the webinar. A lot of the detail of the law is left to the regulators to write and we need to ensure these regulations are written such that HSAs survive.
The webinar is 45 minutes long and the seven reforms and their possible inmpacts are listed below.
Cadillac Tax
Essential Benefits
Maximum Out Of Pocket Costs
Insurance Exchanges and Actuarial Value Requirements
Preventive Care Requirements
Medical Loss Ratios
Maximum Deductibles for Small Groups
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Posted by Michele Makachek
on Sep 23 2010. Filed under Featured News, Health.
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