What Would Happen to HSA if a State Implements Universal Healthcare?

sousa9

New Member
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California is (re)considering universal healthcare with SB-562.

What happens to your HSA investments in this case - an educated guess, anyway?
 
California is (re)considering universal healthcare with SB-562.

What happens to your HSA investments in this case - an educated guess, anyway?

Why would that change anything? You still have co-pays and deductibles that you would pay out of your account. Plus dentists, eye doctors, etc.
 
It would be healthcare funded by taxes. The bill as it stands now specifically eliminates co-pays and deductibles.
 
It would be healthcare funded by taxes. The bill as it stands now specifically eliminates co-pays and deductibles.

You mean those crazy politicians are proposing 1st dollar coverage for everyone?

We need to drain the swamp again.
 
90% of the people have claims under $5,000. The top 5% of people incur 40% of the total claims. Copay plans with up front 1st dollar benefits cost more than HDHPs for a reason. Carriers run at an 80% loss ratio.

I would hate to pay the bill for a state plan with 1st dollar benefits. The state's doing something doesn't affect federal law which in this case governs what HSA dollars can be spent on and whether or not future dollars can be contributed.
 
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