HR5719 is facing a potential veto from the White House because of the HSA limitations proposed in the bill. At the Colorado Health Insurance Insider, we feel that the proposal in HR5719 to require that HSA participants provide proof of medical expenses would bog down the relative simplicity that HSAs currently provide. Evolution Benefits, the company suggesting the writeup in the bill to fit their patent on an aspect of the process for substantiation, has even asked the House Ways and Means Committee to withdraw their proposal. So I’m glad to see that it’s looking less likely that the bill will become law. Let’s leave well enough alone with HSAs.
About Louise Norris
Louise Norris has been writing about health insurance and healthcare reform since 2006. In addition to the Colorado Health Insurance Insider, she also writes for healthinsurance.org, medicareresources.org, Verywell, Spark by ADP, and Boost by ADP, and Gusto. Follow on twitter and facebook.