Right Now
Dr. Coburn today introduced a bill to improve Health Savings Accounts. "A consumer-driven health care market will not only control costs, it will improve access to health care and markedly improve the quality of care for all Americans,” Dr. Coburn said. “Consumers should be in charge of making health care decisions, not insurance companies or government bureaucrats. Expanding health savings accounts will help put consumers back in charge of their own health care.”
The Coburn bill gives premium deductibility to individuals purchasing HSA-compatible insurance on their own; reimburses payroll taxes paid on HSA-compatible insurance premiums and HSA contributions; allows employers to provide larger contributions to the HSAs of acutely and chronically ill employees; allows Health Reimbursement Arrangement to rollover into HSAs; allows premiums for high deductible health plans to be paid from an HSA; and enables portability of consumer-driven HSA-qualified health insurance plans, which reduces “job lock” by allowing Americans to take their health insurance with them when they change jobs, move, or become self-employed.
Click here to read a section-by-section description of the bill.
Related Files
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HSA bill language -
HSAbilllanguage.pdf (64.8 KBs)
The language and text of the Coburn bill to improve Health Savings Accounts.
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Section-by-section Description of Coburn HSA bill -
HSAsectionbysection.pdf (24.2 KBs)
A section-by-section breakdown of the Coburn bill to improve Health Savings Accounts.
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