I thought Obamacare would have HSAs targeted to go the way of the dinosaur, but (thankfully) I was wrong!
Since everyone will be required by penalty of law to purchase health insurance, the lower cost premiums associated with HSA qualified High Deductible Health Plans are poised to be more popular than ever!
Yes, there had to be a couple small changes to HSAs such as not allowing over-the-counter medications to be tax deductible (also applies to Flexible Savings Accounts) and the penalty for withdrawals for non-eligible expenses will go up to 20% (currently 10%). Neither of these are enough to deter anyone from the amazing triple tax advantages only available with Health Savings Accounts.
And I was worried I was going to have to change my tailgate…
(UPDATE: Read ObamaCare vs. Health Savings Accounts article published in Ingram’s Magazine September, 2012)