ObamaCare Could Mean Increased Use of Health Savings Accounts

What does ObamaCare mean for those involved with Wills, Trusts, and Estates?  The Trust Advisor Blog reports that there may be a rise in the use of Health Savings Accounts (HSA), a type of trust that functions like a self-directed account.  

An HSA is funded with tax-free money that can be invested in almost anything and then withdrawn to pay qualifying medical expenses, such as those resulting from high-deductible health insurance.  According to the Trust Advisor Blog, “[n]ow that there’s a mandate for every boss to help out with health coverage, employers who previously didn’t offer any benefits at all are more likely to provide HSA-eligible coverage.” Scott Martin, HSA Providers Expect to Win Big With ObamaCare, The Trust Advisor Blog, March 26, 2010.