For Immediate Release
February 16, 2017
ABA HSA Council Media Contact: Blair Bernstein
(202) 663-5468
Follow us on Twitter: @ABABankers

ABA’s HSA Council Applauds Introduction of the Health Savings Act (S. 403)

By Kevin McKechnie, executive director, ABA’s Health Savings Account Council

​          “The ABA HSA Council strongly supports the Health Savings Act of 2017 introduced today by Sens. Orrin Hatch and Marco Rubio, and Rep. Erik Paulsen. 

          “The goal of healthcare reform is to provide better coverage to all Americans at more affordable prices.  Expanding the utility of HSAs, increasing the amount Americans can contribute to them and solving the technical issues related to their administration will help accomplish this goal. 

          “Sen. Hatch, Sen. Rubio and Rep. Paulsen have long supported reducing health insurance costs, and this bill builds on their record of offering targeted solutions to this significant problem. This legislation increases the maximum HSA contribution limit, allowing Americans to save more for medical expenses each year. It would also allow individuals to use their HSA funds for over-the-counter health care items. We look forward to working with Congress to see this legislation signed into law.”

The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $9 trillion in loans.