Health care reform became law on March 23, 2010 when President Obama signed the Patient Protection and Affordable Care Act. On March 30, 2010, The Health Care and Education Reconciliation Act was also signed, modifying parts of the existing law.
HSA plans were not significantly impacted; however, two tax provisions in the law will change existing rules for HSA's, beginning in 2011:
Some of the most significant provisions in the new health care law are slated to go into effect in 2014. Many of these new rules will change how the insurance market functions and how consumers purchase and use their health plans. Yet to be determined are the details on how specifically the new rules will be implemented and enforced, and so HSA health plans could ultimately be impacted depending on the interpretation of the law. The HSA Alliance will share any developments relating to HSA health plans and health care reform implementation.
HSA health plans continue to bring quality, affordable health coverage to a growing number of Americans, which is why the HSA Alliance is committed to working to protect this health plan choice. We encourage you to get involved by spreading the word and telling your elected officials that you rely on your HSA health plan coverage.