Jump to Content
ABA Logo
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.

Show MoreLess

Related Training & Events

close-video-modal
play icon

9:45

Video

Health Savings Accounts: The industry revolution and Health Savings Accounts in Retirement

Craig Keohan, chief revenue officer of HealthSavings Administrators, based in Richmond, Va., and chairman-emeritus of the ABA Health Savings Account Council, and Kevin McKechnie, executive director of the ABA Health Savings Account Council participated in a recent interview. Keohan discusses the evolution of the health savings account industry as both an architect and advocate. Keohan and McKechnie also break down H.R. 3796, the Health Savings for Seniors Act. This would allow health savings accounts in retirement to coordinate with Medicare

Our Experts

Kevin McKechnie portrait

Kevin A. McKechnie

Executive Director, HSA Council/SVP

HSA

Contact Kevin

Lisa Gold Schier

SVP, Endorsed Solutions Innovation

Contact Lisa

Press Contact

Blair Bernstein

(202) 663-5468

Contact Blair

Stay Connected