HSAs May Face Double Tax?


CDHealthWire For CD Market Report Subscribers ©

Subscriber: EFLEXGROUP      Tuesday June 16, 2009

ALERT: Finance May Double HSA Tax

The Wall Street Journal reported this morning that an option to double the withdrawal tax on non-medical HSA transactions from 10% to 20% is being considered in the final Senate Finance Committee bill. The idea has been talked about over the past several months, but it is the first time HSA changes have been leaked publicly by committee staff in the final cuts. It’s not clear if this is a trade-off for dropping claims substantiation or in addition to the mandate.

© 2009 Interpro Publications Inc. (Washington)