Repeal of the Affordable Care Act could lead to a more prominent place for the health savings account.
CNBC reported that the tax-advantaged Roth HSA, which provides savers with a tax-sheltered means of investing funds meant to pay for health care expenses, is the brainchild of Senators Bill Cassidy, R-LA, and Susan Collins, R-ME.
The two propose the creation of Roth HSAs in a bill they drafted aimed at getting people to use such accounts in helping pay for health insurance premiums and out-of-pocket costs. It's part of the pair's strategy in repeal of the ACA.
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