If you haven't been reading my blog, I don't know where to start. Oh wait, yes I do:
FYI - For Your Information (that's easy)
UHA - Universal Health Account (that's new)
HSA - Health Savings Account
AHIP - America's Health Insurance Plans (organization of health insurers)
Read the entire article on Heartland.org.
"The UHA could be paired with any health plan--or none at all, if the UHA owner opted not to purchase insurance."
That differs from current HSA rules which require the participant to have a qualifying high deductible health insurance plan.
"Moreover, the UHA plan described by AHIP would allow contributions to be made into the accounts by the federal government. For persons with incomes less than 300 percent of the federal poverty level, the federal government would make matching contributions up to $1,000 for individuals and $2,000 for families. AHIP suggests the federal government should also create rules to allow states to contribute to the UHAs as well."
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