Health Savings Accounts: Robin Hood in Reverse
As another tax filing season comes to a close, millions of Americans have reduced their taxable income through accounts that help pay for medical costs using a “health savings account” (HSA). Members of Congress have put forth bipartisan proposals to expand HSAs, but with the benefits of these accounts primarily accruing to healthier and wealthier Americans, expanding this option could exacerbate an already regressive tax break without improving access to coverage or care.