Research Report Most Households' Medical Expenses Exceed HSA Deductibles
Linda J. Blumberg, Leonard E. Burman
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The 2003 Medicare prescription drug bill created Health Savings Accounts (HSAs), tax-free savings accounts for people who are covered by a "high-deductible health insurance plan," either purchased directly or on their behalf by an employer. The qualifying health insurance plan must have a deductible of at least $1,000 for single coverage and $2,000 for family coverage. Some preventative care may be covered by insurance, but all elective procedures and medicine is subject to the deductibles.
Research Areas Health and health care Aging and retirement
Tags Health insurance Federal health care reform Health equity State health care reform Private insurance Medicare and private health insurance
Policy Centers Income and Benefits Policy Center