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FreedomWorks President Adam Brandon: HSAs Expansion is a Key to Health Care Freedom

FreedomWorks President Adam Brandon: "In the fight for free-market principles in the health insurance market, there is one policy in particular that all conservatives can agree on: the expansion of health savings accounts (HSAs). These accounts allow consumers to save their own money tax-free to be used for medical expenses, putting individuals in charge of their own health care dollars."

"Public interest in these plans is so high for very good reason. HSAs offer a triple-tax advantage to their holders. Contributions can be deducted pretax from one’s income, interest or investment gains are tax free, and withdrawals for qualified medical expenses are as well. However, there are restrictions on HSAs that hamper their full potential. It is these restrictions that conservative-backed HSA expansion measures would eliminate."

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