Latest On Health Care Reform
In it’s current form the Health Care Legislation includes several provisions that will disadvantage or threaten HSA health plans, including:
- A new premium tax that will cause premiums to rise for individuals, families and small businesses;
- Mandated benefit levels that could eliminate HSA health plans as an option for coverage;
- A rule against using money in your HSAs to buy any over-the-counter drugs, such as allergy medications, that you now get without a prescription; and
- An increased penalty for the use of HSA dollars for non-qualified medical expenses from 10% to 20% of the reimbursement.
The window of opportunity is closing, but there is still time to contact your elected representatives in Congress and to let them know how you depend on your HSA health plan for quality coverage and to save for medical expenses.
Call, email, write or visit your Representative and Senators today. Look up their contact information here.
Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.
IQ Financial Group, llc. is a licensed insurance agency in the state of Arizona. We offer a complete selection of health insurance, term life insurance, disability insurance, long term care insurance and supplement plans to individuals, families, self-employed and small businesses throughout Arizona. We offer the best in Arizona Health Insurance.
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