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For Immediate Release
July 17, 2019
ABA Media Contact: Blair Bernstein
(202) 663-5468
Email: bbernste@aba.com
Follow us on Twitter: @ABABankers

ABA Health Savings Account Council Applauds White House Revision of HSA Regulations

By Kevin McKechnie, executive director of ABA’s HSA Council

​“We applaud the administration’s efforts to make life-saving medicines more affordable to chronically ill Americans by allowing Health Savings Account-qualified plans to cover them pre-deductible. By expanding that coverage option, this guidance will help lower out-of-pocket costs for the millions of Americans managing a chronic illness. We welcome this critically important revision of HSA regulations.”
 
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The American Bankers Association is the voice of the nation’s $18 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.