Here’s some more speculation about what the future holds for Health Savings Accounts under President Obama. Experts seem split as it will all come down to what is considered “meaningful coverage”.
Much will depend on how Obama’s plan for health-care reform pans out, experts say.
Under Obama’s health plan, medium and large employers would be required either to provide a health benefit or pay a fee.
Some industry players say the so-called “play or pay” mandate could lead more employers to offer HSAs-qualified plans as a money-saving option. However, that will depend on the criteria the plans will need to meet to be considered “meaningful coverage,” according to Bakich. (Obama’s camp has yet to define what this means).
The thing is Obama wants everyone with employer based coverage to keep it, so there is no way that those accounts are going away. If other businesses realize what those businesses are saving, the HSA industry should only grow. That’s the idea at least.
Tags: Obama
Tags: Obama
November 11th, 2008 at 9:35 pm
[...] The thing is Obama wants everyone with employer based coverage to keep it, so there is no way that those accounts are going away. More [...]