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Obamacare Health Savings Accounts: Do They Still Make Sense?

The Patient Protection and Affordable Care Act, also known as Obamacare, changed many rules about health care. But health savings accounts survived, albeit in a different form. Do HSAs still make sense under Obamacare?

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, talks about HSAs and the impact of Obamacare on their provisions. Dan notes that with minimum deductible requirements of $1,250 for singles and $2,500 for family coverage, HSAs are compatible with many bronze and silver level Obamacare plans that UnitedHealth Group (NYSE: UNH  ) , WellPoint (NYSE: ANTM  ) , Humana (NYSE: HUM  ) , and other insurers offer. The benefit of doing so is that you can get a deduction for contributions of up to $3,300 for singles and $6,550 for family coverage, with an extra $1,000 annually if you're age 55 or older. With TD Bank (NYSE: TD  ) , Wells Fargo (NYSE: WFC  ) , and other financial institutions offering HSAs, making the most of these provisions can give you extra tax benefits.

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Read/Post Comments (3) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 25, 2014, at 4:23 PM, PaulSell wrote:

    OB☭M☭C☭RE ●! The Liberals that now have to live with that albatross hanging around their socialist necks and STILL have to convince the soft headed millennials to another suicide vote for them again. Maybe Barry & Company can chat up Pot Legalization and Income Inequality to encourage them into believing that the Dems are going to make their lives so much better. OB☭M☭C☭RE ● NOW has DEATH SPIRAL written all over it. I do hope the Republicans are meeting with Insurance Companies, as I write, figuring out how to defuse this Economic time bomb when they regain the Senate in 2014.

  • Report this Comment On January 25, 2014, at 6:23 PM, jmgconsultants wrote:

    Nothing in Obamacare makes sense. In fact the law has so many different sections to it that they make it up as they go. This is corruption at its best. We need to repeal this corrupt law.

  • Report this Comment On January 25, 2014, at 7:10 PM, slanciano wrote:

    Bottom line: Government is lousy at providing services. The only thing they do well is writing checks. So here we have El Obozo taking over healthcare as a means to disguise his plans to transform our nation in terms of wealth redistribution. Wake up out there cuz this idiot means business and it may be too late before you realize what's happening.

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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