Two major changes were made to HSAs (Health Savings Accounts) under the new Affordable Care Act rules.
1) The elimination of being able to use money in your HSA for over-the-counter medicines.
2) The law increased the penalty from 10% to 20% for withdrawing funds from your HSA before the age of 65.
If you have any questions about health insurance plans or would like a free quote comparison, please feel free to give us a call at 1-800-571-2980. You can also reach us by e-mail at Info@terminsurancebrokers.com 24 hours a day.