At present, people can contribute up to
the amount of their deductible or $2,700 for individuals and $5,450
for families, whichever is lower. But Bush wants to lift this cap
so that people can cover all their out-of-pocket costs under their
HSA policy with pretax dollars, not just the
deductible.
Doubtless more opportunities will emerge
as HSAs evolve. For example, people may eventually be able to roll
over into a credit facility once they've drawn down their HSA
dollars, predicts Stephen Parente, an HSA expert at the University
of Minnesota. This would provide a new source of interest revenue
for credit card companies.
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