Side Effects: Obamacare May Be Fatal for Your HSA

Kathryn Nix / March 31, 2010

President Obama promised Americans that “If you like the plan you have now, you can keep it.”  It was a fundamental promise of Obamacare.

But if the coverage you like comes via a Health Savings Account (HSA) or a Flexible Spending Account (FSA), that promise may not hold.

A recent analysis from HSA Consulting Services concludes the new law will probably lead to major changes in how consumers can use such plans.  And many of those changes may make the accounts far less appealing.  It all depends of how the Department of Health and Human Services writes the regs, says study author Roy Ramthun. (more…)