Enrollment in health savings accounts has tripled in five years, according to Kaiser Family Foundation. “What we’re seeing is a change in the financing of health care, not an erosion of the coverage,” said Drew Altman, president and CEO, Kaiser Family Foundation. “The coverage is still there. In fact, there’s more coverage than ever.” But a study by Alison Galbraith, a pediatrician at Harvard Medical School found a higher prevalence of delayed or foregone care due to cost compared to people with non-deductible plans. Altman suggests a national discussion about whether HSAs are good or bad. “But we have to worry about what these very high deductibles, $2,000, $3,000, $4,000, $5,000 deductibles, is that really even insurance coverage,” Altman asked.
The IRS still has the authority to impose fines on nonfilers.
Insurers have may defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
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