New bills could expand qualified expenses and contribution limits
In July, the House of Representatives passed two new bills affecting Health Savings Accounts. The new bills could expand the list of qualified medical expenditures, as well as nearly double contribution limits.
With adoption of high-deductible health plans still on the rise, the new regulations would expand the opportunity for employers to maximize the value of their benefits plans and support employees in opening accounts.
Here’s what employers should know about the new bill: