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Bill would allow vets to contribute to Health Savings Accounts (HSAs)





Bill would allow vets to contribute to Health Savings Accounts (HSAs). The U.S. House is considering the “Veterans TRICARE Choice Act of 2016.” After Dec. 31, 2016, the bill would allow individuals who are eligible to be covered under TRICARE (the Department of Defense health benefits program) and who aren’t on active duty to: (1) elect to be ineligible for TRICARE; (2) make tax deductible contributions to an HSA; and (3) enroll in TRICARE later during a special enrollment period. Currently, TRICARE-eligible individuals can’t make HSA contributions.

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