(from Bolton & Company) The U.S. House of Representatives adopted two bills earlier this week in an effort to lower health care premiums and expand health savings account (HSA) flexibility. The bills aim to expand and increase the favorable tax status of HSAs and Flexible Spending Accounts (FSAs).
Each bill must pass the Senate in identical form. Experts give these bills a 30 percent or less chance of passing in the Senate. Those opposed to their passing cite two major reasons: 1) both bills would add to the national debt, and 2) HSAs don’t adequately serve the working class. However, the Trump Administration is likely to pursue similar bills in the future.
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