MENUMENU
  • FREE RESOURCES
  • PREMIUM CONTENT
        • SEE MORE
          PREMIUM RESOURCES
  • HR DEEP DIVES
        • Coronavirus (COVID-19) Resources for HR Professionals
          Employment Law
          Labor Law Posting Requirements: Everything You Need to Know
          Recruiting
          businesswoman selecting future employees on digital interfaces
          Recruiting Resources for HR & Hiring Managers
          Performance Management
          vector image of young female making star rating
          Performance Review Resources
          Employment Law
          Understanding Equal Employment Opportunity and the EEOC
          Recruiting
          Onboarding Resources for HR & Hiring Managers
  • CORONAVIRUS & HR

  • LOGIN
  • SIGN UP FREE

HR Morning

MENUMENU
  • FREE RESOURCES
  • PREMIUM CONTENT
        • SEE MORE
          PREMIUM RESOURCES
  • HR DEEP DIVES
        • Coronavirus (COVID-19) Resources for HR Professionals
          Employment Law
          Labor Law Posting Requirements: Everything You Need to Know
          Recruiting
          businesswoman selecting future employees on digital interfaces
          Recruiting Resources for HR & Hiring Managers
          Performance Management
          vector image of young female making star rating
          Performance Review Resources
          Employment Law
          Understanding Equal Employment Opportunity and the EEOC
          Recruiting
          Onboarding Resources for HR & Hiring Managers
  • CORONAVIRUS & HR
  • Employment Law
  • Benefits
  • Recruiting
  • Talent Management
  • Performance Management
  • HR Technology
  • More
    • Leadership & Strategy
    • Compensation
    • Staff Administration
    • Policy & Procedures
    • Wellness
    • Staff Departure
    • Employee Services
    • Work Location
    • HR Career & Self-Care
    • Health Care
    • Retirement Plans

Congress aims to greatly expand HSAs: What HR pros should know

healthcare reform
Jared Bilski
by Jared Bilski
July 26, 2018
1 minute read
  • SHARE ON

Congress recently passed two bills that could drastically expand the usage of HSAs.
If these bills become law, HR pros will have a lot to communicate to their staffers about the many ways in which they can now use their HSAs.
The bills, H.R. 6199 and H.R. 6311, are both Republican-backed bills with some Democratic support and would allow account-holders to use their HSAs for several things that are currently prohibited.

H.R. 6199

The Restoring Access to Medication and Modernizing Health Savings Account Act (H.R. 6199) passed by the greatest margin of the two bills (277-142).
Some of the more significant changes the legislation would make to HSAs (changes that are covered in much more detail in a recent article by the Society for Human Resource Management or SHRM):

  • Undo the ACA’s ban on using tax-advantaged accounts to purchase over-the-counter medications and product.
  • Allow individuals with HSA-qualifying family coverage to contribute to an HSA if their spouse is enrolled in a medical FSA, a move that currently isn’t allowed.
  • Allow HDHPs to cover up to $250 (self-only) and $500 (family) annually for nonpreventive services that may not be covered pre-deductible. This would help workers, on a limited basis, use HDHPs to cover things like chronic-care treatment outside the deductible.

H.R. 6311

The Increasing Access to Lower Premium Plans and Expanding Health Savings Accounts Act (H.R. 6311) passed (242-176) would expand how low- and moderate-earners could use the ACA’s premium tax credit and:

  • Raise the HSA contribution limit to $6,650 (individuals) and $13,300 (families), which is a combination of annual limit for out-of-pocket and deductible expenses for 2018.
  • Allow HSA to pay for qualified medical expenses at the start of HDHP coverage if HSAs are opened within 60 days of HDHP start date.

Get the latest from HRMorning in your inbox PLUS immediately access 10 FREE HR guides.

I WANT MY FREE GUIDES

Keep Up To Date with the Latest HR News

With HRMorning arriving in your inbox, you will never miss critical stories on labor laws, benefits, retention and onboarding strategies.

Sign up for a free HRMorning membership and get our newsletter!
  • This field is for validation purposes and should be left unchanged.
HR Morning Logo
  • Facebook
  • Twitter
  • Linked In
  • ABOUT HRMORNING
  • ADVERTISE WITH US
  • WRITE FOR US
  • CONTACT
  • Employment Law
  • Benefits
  • Recruiting
  • Talent Management
  • HR Technology
  • Performance Management
  • Leadership & Strategy
  • Compensation & Payroll
  • Policy & Culture
  • Staff Administration
  • Wellness & Safety
  • Staff Departure
  • Employee Services
  • Work Location
  • HR Career & Self-Care

HRMorning, part of the SuccessFuel Network, provides the latest HR and employment law news for HR professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, HRMorning delivers actionable insights, helping HR execs understand what HR trends mean to their business.

Privacy Policy Terms of Service
Copyright © 2021 SuccessFuel

WELCOME BACK!

Enter your username and password below to log in

Forget Your Username or Password?

Reset Password

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

Log In

During your free trial, you can cancel at any time with a single click on your “Account” page.  It’s that easy.

Why do we need your credit card for a free trial?

We ask for your credit card to allow your subscription to continue should you decide to keep your membership beyond the free trial period.  This prevents any interruption of content access.

Your card will not be charged at any point during your 21 day free trial
and you may cancel at any time during your free trial.

preloader