House Ways and Means Committee Bill Mark-up includes HSAs

On July 11, 2018, the House Ways and Means committee will mark up its new bill with two of the four HSA Council-proposed provisions expected to be in play – HSAs for working seniors and increasing contributions to the out-of-pocket maximum. Under current law:

  • Working seniors on Medicare are eligible to participate in employer-sponsored HMOs and PPOs, but they are not eligible to participate in an employer-provided HSA.
  • The maximum contribution allowed for HSAs is less than the out-of-pocket maximum for an HSA-qualified health plan, leaving consumers unable to manage their entire annual health risk on a tax-preferred basis.

This expected progress should be celebrated, but there is a long (yet hopeful) road ahead. The bill must be voted out of the Committee, listed for vote on the House floor, and then passed out of the House for Senate consideration later this year.

Sign up for our newsletter

Related content

See all insights

Reducing Fraudulent Account Takeover Risk: Recommended Practices for Participants

IRS Releases Higher HSA Contribution Limits for 2025

Mastering the Proposal: Persuasive Strategies for RFPs

Nurturing Whole Health for a Balanced Life

Enhancing Benefits Communications with Artificial Intelligence

Creative Benefit Offerings in the Face of Rising Costs

Alegeus 2024 Health Benefits Trend Predictions

End on a High Note: Tips for Post-Open Enrollment Success

Gift giving guide using your FSA

Prioritizing Employee Wellness During the Holidays: A Guide for Employers

Far & Wide: Open Enrollment for a Remote Workforce

The Growing Wave of HSA Adoption: A Look at Current Trends