Tax Proposals and HSAs Archive
Results per page: 50 | 100
Results by year: 2013 | 2012 | 2009 | 2008 | 2007 | 2006
-
Last-Minute Addition To Tax Package Would Make Health Savings Accounts More Attractive As Tax Shelters For High-Income Individuals
Revised December 7, 2006
As part of the last-minute deal making today on the “tax extenders” package, House and Senate negotiators have agreed to include an expansion of Health Savings Accounts that would make these accounts more lucrative as tax shelters for high-income individuals. The HSA expansion is identical to legislation (H.R. 6134) … -
New Developments In Health Savings Accounts
Revised September 28, 2006
On September 27, the House Ways and Means Committee approved H.R. 6134, which would make Health Savings Accounts (HSAs) more attractive as tax shelters for high-income individuals. Ways and Means Chairman Bill Thomas (R-CA) stated that the bill could be enacted before the 109th Congress adjourns. The bill is particularly disturbing … -
GAO Study Confirms Health Savings Accounts Primarily Benefit High-Income Individuals
September 20, 2006
A groundbreaking new study by the Government Accountability Office (GAO) demonstrates that Health Savings Accounts (HSAs) — tax-favored savings accounts attached to high-deductible health insurance plans established under the 2003 Medicare drug law — are heavily skewed toward affluent individuals. The GAO findings also … -
Informing The Debate About Health Savings Accounts
June 13, 2006
Click on the text of the questions below to go directly to the corresponding answer. Are there now 3.2 million HSAs in use? Do employers offering high-deductible health insurance plans and HSAs to their employees contribute to the HSAs to help their employees cover the higher out-of-pocket costs related to the high … -
Health Savings Accounts Unlikely To Significantly Reduce Health Care Spending
June 12, 2006
Proponents of Health Savings Accounts (HSAs) — tax-favored savings accounts attached to high-deductible health insurance plans — have long argued that widespread adoption of HSAs will contain health care costs substantially over time. The theory is that the high deductibles required under HSAs (at least $1,050 for … -
A Brief Overview of the Major Flaws With Health Savings Accounts
April 5, 2006
Established under the 2003 Medicare drug legislation, Health Savings Accounts (HSAs) are individual accounts in which individuals who have a high-deductible health policy can save money to pay out-of-pocket health expenses. In tax year 2006, any individual who enrolls in a health plan with a deductible of at least $1,050 for individual … -
Administration Defense of Health Savings Accounts Rests on Misleading Use of Statistics
February 16, 2006
To encourage wider use of Health Savings Accounts (HSAs), tax-free individual accounts for health-related expenses that must be coupled with a high-deductible insurance policy, the Administration is proposing significant new HSA-related tax breaks that it estimates would cost $156 billion over ten years. Several important concerns … -
The Cost and Coverage Impact of the President’s Health Insurance Budget Proposals
February 15, 2006
In this analysis I report the results of my efforts to assess the impact that the President’s health insurance budget proposals on government costs and insurance coverage in the U.S. The results reported here are from the microsimulation model that I developed with the generous assistance of the Kaiser Family Foundation. I … -
President Greatly Reduced His Health Proposals For Lower-Income Families While Expanding Health Benefits For The More Affluent
February 8, 2006
President Bush’s budget includes $156 billion in tax cuts over the next ten years (2007-16) to promote Health Savings Accounts and associated high-deductible insurance policies, with the large majority of this money going to more affluent households. This is slightly larger than the $133 billion in tax cuts for health care that the President … -
Expansion in HSA Tax Breaks is Larger – and More Problematic – Than Previously Understood
Revised February 7, 2006
In conjunction with the State of the Union Address, the President proposed an expansion of tax breaks both for Health Savings Accounts (HSAs) and for premiums for the high-deductible insurance policies that are purchased in conjunction with HSAs. The President is proposing a large increase in the amount that can be contributed to a HSA on a … -
President's Health Care Tax Cut Proposals Are Likely To Weaken Employer-Based Health Insurance, Primarily Benefit High-Income People, and Worsen Deficits
January 31, 2006
In tonight’s State of the Union address and as part of the upcoming fiscal year 2007 budget, President Bush is expected to propose major new tax cuts related to health care.[1] Chief among them could be major expansions of Health Savings Accounts (HSAs) and a new income tax deduction for out-of-pocket medical costs. These …
