The House Ways and Means Committee advanced a series of bills this week to expand health savings accounts and give direct assistance to families suffering from Obamacare’s price spikes. Among these bills is the Health Savings Act of 2018, sponsored by Rep. Michael Burgess, R-TX. Dr. Burgess’ bill would allow any person or family enrolled in a “bronze” or a catastrophic Obamacare plan to make an HSA contribution. Today, the most affordable health insurance plans in the individual market have cost exposures too high even for an HSA. It’s the worst of all worlds: an expensive premium, a high deductible, and no HSA eligibility despite sky-high out of pocket exposure.
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