{"id":3286,"date":"2019-10-18T15:13:37","date_gmt":"2019-10-18T15:13:37","guid":{"rendered":"http:\/\/www.www.idahoinsuranceagency.com\/?p=3286"},"modified":"2023-07-20T18:14:35","modified_gmt":"2023-07-20T18:14:35","slug":"house-committee-approves-boost-in-hsa-contributions","status":"publish","type":"post","link":"https:\/\/www.idahoinsuranceagency.com\/house-committee-approves-boost-in-hsa-contributions\/","title":{"rendered":"House Committee approves boost in HSA Contributions"},"content":{"rendered":"<p>The House Ways and Means Committee has approved two bills which affect health care:<\/p>\n<div class=\"paragraph\">\n<div class=\"paragraph\">\n<p>HR 5445, approved 23-15, stiplualtes that employees enrolled in high-deductible plans and opting for single coverage in 2017 can contribute up to $6,500 to their HSAs, while those with family coverage could contribute up to $13,100. Under current law, the 2017 maximum HSA contributions are $3,400 for employees with single coverage and $6,750 for family coverage.<\/p>\n<p>&#8220;The idea is to allow employees to fund all their out-of-pocket costs &#8211; except plan premium costs &#8211; through their HSA contributions,&#8221; said James Gelfand, senior vice president of health policy at the ERISA Industry Committee in Washington.<\/p>\n<p>HR 210 allows colleges and universities to exclude students they employ (like teaching assistants) from an ACA provision that imposes a big penalty (currently $2,160 for each full-time employee) on employers that do not offer coverage to at least 95% of full-time employees, those working an average of at least 30 hours per week.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The House Ways and Means Committee has approved two bills which affect health care: HR 5445, approved 23-15, stiplualtes that employees enrolled in high-deductible plans and opting for single coverage in 2017 can contribute up to $6,500 to their HSAs, while those with family coverage could contribute up to $13,100. Under current law, the 2017 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>House Committee approves boost in HSA Contributions - Idaho Insurance Agency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.idahoinsuranceagency.com\/house-committee-approves-boost-in-hsa-contributions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Committee approves boost in HSA Contributions - Idaho Insurance Agency\" \/>\n<meta property=\"og:description\" content=\"The House Ways and Means Committee has approved two bills which affect health care: HR 5445, approved 23-15, stiplualtes that employees enrolled in high-deductible plans and opting for single coverage in 2017 can contribute up to $6,500 to their HSAs, while those with family coverage could contribute up to $13,100. 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