Major Breakthrough; Timid Step Forward

This is something the Bush Administration never was willing to even consider

The Obama administration loosened rules governing health-care savings accounts known as flexible-spending arrangements, or FSAs, allowing consumers to roll over as much as $500 in unused funds each year. (WSJ)

health-savings-account-bankThis means the accounts will partially function just like Health Saving Accounts. Employers potentially will be able to put up to $500 in an account for every employee and let that integrate with an overall health plan with none of the restrictions that hamper HSAs.

This is 35 million people, in addition to the 30 or so million that already have an HSA or HRA.

But why only $500? Why not the full amount? $2,500 is the new allowable contribution.

Comments (15)

Trackback URL | Comments RSS Feed

  1. Carl says:

    It’s not a timid response. It’s a pitiful response.

    • Billy says:

      It’s the response of someone who wants to appease his detractors without actually giving them something.

  2. Larry says:

    This makes absolutely no sense.

  3. Adam says:

    “But why only $500? Why not the full amount? $2,500 is the new allowable contribution.”

    That’s a good question. It seems arbitrary to say “This much, but no more.”

  4. Billy says:

    At least Obama finally did SOMETHING right with healthcare.

  5. Stewart T. says:

    And yet you’ll still have conservatives who think Obama doesn’t want what’s best for people. We just have different ways of looking at things.

    • Billy says:

      Yeah, some of us look at $500 and say that that’s not nearly enough, others say that you should be happy your overlords gave you anything at all. There’s no reality, just how we feel about it.

  6. Kilian says:

    What can you buy in healthcare for $500? I’m sure it can really take a chunk out of drug costs, but it wouldn’t do much for something serious.