The Biden Administration has ended our HSA Plans with Trump's Short-Term-Medical (STM).
Save101.com has been involved with Republican Health Reform since the beginning. In 1996, America’s first tax-free HSA was enrolled at Save101.com. The name was tax-free Medical Savings Accounts (MSA) during the “Original Pilot Test” of self-employed individuals. In 2004, all MSAs became HSAs for people under 65 with a specific deductible on health insurance.
Many Republicans want to make all insurance qualify for tax-free HSAs. This is very smart because all Americans should save for retirement healthcare expenses intelligently. IRAs and 401Ks are old-taxed accounts. HSAs enjoy tax-free deposits, growth, and withdrawals!
Money that is never taxed will last longer in retirement. Republican reformers of the Republican Study Committee (RSC), like Warren Davidson of Ohio’s 8 District, support increasing the Maximum HSA Annual Deposits to $12,000 for singles and $24,000 annually for families.
President Trump said, “We will provide options to Obamacare, including enhanced Health Savings Accounts (HSA).”
A Storm is coming;
Reform is coming
Taxing every dollar saved for retirement is – WRONG! Trickle down saved in tax-free HSAs is – RIGHT! Every single-parent mother is paying Payroll Tax on every dollar earned! There are No Payroll Taxes on employer HSA deposits!
Save101.com’s 1999 WHO Radio advertising in Iowa turned Texas Governor George W. Bush into an HSA freak. Bush created tax-free HSAs starting in 2004; Save101.com ran these 4 commercials at the birth of HSAs in Detroit because GM’s CEO Wagner was calling for Socialized Medicine.
Save101.com was 20 years ahead of its TIME in 2004 because these HSA radio commercials sound perfect for today in 2024; including; step into the “Ownership Society” at Save101.com