Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

How Health Reform Will Impact Health Savings Accounts

Monday, April 5, 2010 - 8:14 PM
According to this Kiplinger article "New limits on flexible spending accounts will make health savings accounts more attractive." One unfortunate HSA change mentioned in the article is the doubling of the penalty for using the money for nonmedical expenses before age 65 -- from 10% to 20%.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,611
1. Wednesday, April 7, 2010 - 7:37 PM
I thought that the bill also included raising the deduction threshold to 10% for medical expensee for Schedule A?  If so, that makes my potential deduction in that category almost to zero.
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,950