Senators Rick Santorum (R-PA) and Jim DeMint (R-SC) have introduced legislation “to enhance and encourage affordable healthcare coverage for uninsured and low-income individuals, as well as small business employers and their employees.” The legislation would create “a tax credit for small businesses who contribute money to an employee’s HSA, and an above the line deduction for high-deductible health plans.” Read about it in this press release.
In this article here discussing the legislation, Vicki Agler of the National Federation of Independent Business predicts that health savings accounts are “virtually going to be the wave of the future for small businesses.”