NAWBO Joins the Coalition for Affordable Health Care Coverage

NAWBO is the newest member of the Coalition for Affordable Health Care Coverage.

The purposes for which the Coalition is organized are to promote the enactment of:

• Tax credits or deductions directed to individuals and families for the purchase of private health insurance; and

• Other market-oriented approaches to extending private health insurance coverage to the uninsured.

Read more about the key legislation supported by the Coalition on its website.

Among the bills supported by the Coalition is the FlexHSA bill recently introduced by Virginia Congressman Eric Cantor (R 7th District). According to talking points circulated by the Coalition:

The Flex HSAs Act will help to expand the adoption of HSAs by Americans who work for large employers by making HSAs a more attractive option for health care coverage. It will do so by:

Permitting the coordination of HSAs with Flexibile Spending Accounts (FSAs) and/or Health Reimbursement Arrangements (HRAs) by allowing them to be used in conjunction with HSA/High Deductible Health Plan (HDHP) arrangements, and

For HSA contribution limits, eliminating the "lesser of the deductible" limitation. In other words, allow individuals and families to contribute an amount equal to the maximum contribution limit regardless of the deductible, and

Limiting total annual contributions to an HSA, an FSA and/or an HRA so as not to exceed the out-of-pocket maximum for the HDHP.