Health Savings Accounts gets a legislative approved increase for workers

The House approved legislation to increase the amount that workers can put into there Health Savings Accounts (HSA). This move gives option for workers to use Individual Retirement Accounts (IRA’s) for a one time transfer to fund a HSA, and allows for Flexible Spending Accounts (FSA) monies to also be used to fund as well. I noticed an additional option for workers, known as the health reimbursement arrangements (HRA) that can also be used to fund a Health Savings Account. As always there must be a catch, and that is that the lawmakers…the House and Senate will be in recess starting today Friday 13th. Review full article: www.besthealthsavingsaccountarticles.com House panel OKs expanded health savings accounts