Steve Christenson Discusses How ACA Repeal Would Benefit HSAs

In an original article for 401kSpecialist, EVP Steve Christenson discusses how the potential repeal of the Affordable Care Act (ACA) might affect HSAs. The ACA governs the HSA in three ways, all of which would revert back in the event of a repeal. While the penalty tax increased from 10% to 20%, if the ACA was repealed and the tax reverted back to 10%, this would only encourage future use of HSAs. Regardless of what direction health care reform goes, HSAs will remain a key component of consumers’ financial decisions in health care, concludes Steve.