The New GOP Bill Could Make HSAs Even More Accessible

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  Here's your money briefing for Thursday, June 5th.

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  I'm Julia Carpenter for The Wall Street Journal.

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  Health savings accounts come with the much-lauded triple tax advantage.

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  But soon, if the Republicans' tax and spending bill makes it through the Senate,

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  there may be even more Americans who can take advantage of these savings.

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  One thing to know is that the current legislation before the Senate,

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  which the House has passed,

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  would take away none of the current benefits of HSAs, but it would add more benefits.

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  Some of the updates would include changing HSA contributions for couples,

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  permitting tax-free withdrawals for fitness expenses,

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  and other provisions to expand these account benefits.

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  We'll talk more with Wall Street Journal reporter Laura Saunders about what lawmakers are imagining for the future of health savings accounts.

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  That's after the break.

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  Health savings accounts cover at least 60 million Americans.

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  Under the tax and spending bills proposed changes,

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  another 20 million Americans could access these accounts' tax savings.

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  Tax reporter Laura Saunders joins us to talk more.

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  Laura, I'd love if you could first zoom out a bit for our listeners.

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  What are HSAs and what are some of the benefits to having one?

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  The HSA stands for Health Savings Account.

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