Side Effects: Like Your HSA? Enjoy it While You Can

Kathryn Nix / June 09, 2010

All presidential assurances to the contrary, you can’t keep what no longer exists—not even health coverage you like.

Millions of people like Health Savings Accounts (HSAs) paired with high-deductible insurance plans.  The approach is so popular, in fact, that it’s the fastest growing type of coverage in the country.  But this coverage may not be able to survive Obamacare.

Consider the case of nHealth, a relatively new insurance provider based in Richmond, Va.  nHealth recently announced it will close its doors due to the combination of stringent new regulations and future uncertainty—both the product of the new health care law.

Named one of “Greater Richmond Companies to Watch” in 2008, nHealth specialized in high-deductible plan, combined with HSAs. (more…)