“The same way they cut the HCSA amounts by 50%”
Are those the health savings accounts with catastrophic coverage? Are they still allowed?
I tried to get one a few months ago and was told, “No.”
The HCSA accounts are a way to set aside pre-tax income to cover medical deductibles and other costs like prescriptions or elective surgery. At one time, an individual could set aside a max of $5000/year but what you didn’t use that year was forfeited. The amount for married couple was double that. The healthcare law cut those amounts in half. I know at least one couple that used well over 5K in prescription costs (out of pocket) and I used mine one ear to cover $3000 for Lasik surgery (not covered) for one eye.
Of course, you have to be working to take advantage of it. It’s not part of an insurance policy. The Republican plan not only wanted to increase the amounts you could save each year but do away with the annual forfeiture of unused funds and roll those amounts for use in the following years. I hope tha helps exlain it better.