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ABA: The American Bankers Association
Issue

Health Savings Account Streamlining

Expansion of Account-Based Health Care Solutions

ABA Position

The ABA's Health Savings Account (HSA) Council supports expansion of account-based health care solutions for all Americans. In particular, the HSA Council is working to streamline the delivery of HSAs under current law by supporting technical corrections to the existing HSA statute.

Congress expanded in 2006 the amount of money individuals can contribute to their HSAs and made it possible to fund HSAs with balances in other health-related accounts, like Flexible Spending Accounts and Health Re-imbursement Arrangements.

However, the ability to administer HSAs and to provide seamless transfer of FSA or HRA balances to a HSA requires further legislation. In addition, the HSA Council supports creating account-based options in all current medical entitlement programs, like Medicare/Medicaid and SCHIP.

Congress expanded in 2006 the amount of money individuals can contribute to their HSAs and made it possible to fund HSAs with balances in other health-related accounts, like Flexible Spending Accounts and Health Re-imbursement Arrangements.

However, the ability to administer HSAs and to provide seamless transfer of FSA or HRA balances to a HSA requires further legislation. In addition, the HSA Council supports creating account-based options in all current medical entitlement programs, like Medicare/Medicaid and SCHIP.

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Kevin A. McKechnie

Executive Director, HSA Council/SVP

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Jennifer Hatten, Vice President, Office of Insurance Advocacy

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