Urgent Action Needed to Save HSAs in Maryland

January 18, 2018

Please contact your Maryland state legislators about a very important benefits issue!

Health Savings Accounts (HSAs) that are paired with Maryland-based medical plans are in jeopardy based on a new law that went into effect on January 1, 2018. This law mandates a change in coverage for Maryland policies that is not compatible with IRS rules for HSAs. Therefore, employer and employee contributions to HSAs may be disqualified by the IRS.

Senate Bill 137 and House Bill 135 have been presented as emergency legislation that will amend the law to ensure that HSAs remain available to individuals insured by Maryland policies. If you currently sponsor (or may sponsor in the future) a high-deductible health plan with an HSA, we urge you to contact your state legislators as soon as possible to ask them to support of these bills. A hearing is scheduled for January 31st.

Keller has prepared a short script that can be used for a call or email to state legislators. The Maryland General Assembly has an easy to use Find My Elected Officials tool to help you locate your Maryland Senator and Delegates by entering your home (individuals) or office (employers) address. The most effective outreach is to call the legislative offices in Annapolis. Alternatively, the script can be copied into the “Create Message” feature on the Find My Elected Officials tool for a quick way to contact all of your legislators in one easy step.

For more information, please review Keller’s November article and the background information provided by the HSA Preservation Coalition.

Please share this information with your employees, friends, colleagues, and family who may be affected by this Maryland mandate. Thank you for your help with this important legislative outreach. If you have any questions, please contact your Keller account team.