HSA's... still viable?

As part of the passage of the Patient Protection & Affordable Care Act, there seems to be concern as to whether the trend towards high deductible health insurance will be defined as "adequate insurance".

 

Current wording requires that all health insurance plans which will include the government specified benefits have a minimum actuarial value of at least 60%.

 

High deductible health insurance plans often purchased by the self employed for their healthcare to obtain a lower cost and to be used for a more catastrophic purpose, may no longer qualify.

 

The decision as to whether HSA's or any other high deductible health plan should be included under the new regulation's calculations will be decided by the US Secretary of Health and Human Services.

 

The popularity for individuals and the self employed of obtaining high deductible health plans for catastrophic needs and then supplemented with limited medical plans has been on the increase over the last several years and it appears unlikely that US Legislators will allow rules that will bring this wave of popularity to a screeching halt.

 

High deductible health plans have shown the insured to be a better buyer of healthcare and still continue to receive the care they require.