Expand Health Savings Accounts!
Help Expand HSAs
Act Quickly!
Expanding access to health savings accounts (HSAs) is the best way to make health care more affordable for all Americans. These tax-free accounts allow holders to save and invest – tax free – for current and future health care needs. HSAs can be used for a wide variety of medical expenses – including many that are not covered by conventional health insurance.
Because contributions to HSAs are tax free, they effectively come with a built-in 25% discount, on average, on all medical spending. Expanding HSAs would also force health care providers to compete on quality and price, which would help lower prices. Most important, HSAs give account holders personal control over their own health care decisions, so they get the health care that fits their needs.
Yet because of government rules, only one- in-five Americans currently has access to HSAs. All Americans should have access to these money-saving accounts.