By Gwen Cofield
Bills expanding access to account-based healthcare arrangements in various respects were approved June 15 by the U.S. House of Representatives’ Committee on Ways and Means.
 |
The Health Care Security Act of 2016 (H.R. 5445), approved by a 23-15 vote, would increase the annual contribution limits to health savings accounts (HSA), allow catch-up contributions to the same account, and allow more flexibility between incurring expenses and actually setting up an account.
The Small Business Health Care Relief Act (H.R. 5447), approved by voice vote, would allow small employers to offer employees a health reimbursement arrangement (HRA) to purchase individual coverage, rather than having to provide group health coverage as currently required by the Affordable Care Act (ACA).