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Brokers, Employers Urge Committee to Protect Health Savings Accounts, Back Small‑Business Incentives
Summary
Industry representatives and benefits experts told the Joint Committee on Financial Services that proposed state mandates could inadvertently disqualify HSA‑compatible plans and urged language protecting HSA tax status; witnesses also supported incentives to keep small employers in the merged market (Senate 798 / house bill 1185 referenced).
Representatives of employee benefit brokers, small businesses and trade groups urged the Joint Committee on Financial Services to adopt language that would protect health savings accounts from unintended disqualification if the state enacts future benefit mandates.
“My clients rely on HSAs as a tax‑favored way to meet large out‑of‑pocket costs,” said Eric Halko, an employee benefits broker and small‑business owner. Halko testified in support of a bill he identified as “11 85,” saying the measure would create a simple carve‑out so that future state mandates do not render HSA‑compatible plans ineligible for…
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