HSAs growing, despite curbs in healthcare law

The law prohibits the use of HSAs to pay for over-the-counter medicine without a doctor's prescription. AHIP said new rules that govern insurers' spending could also undermine HSAs.

The rules require plans to spend 80 or 85 percent of their premium revenues on medical costs, leaving only the remaining 15 or 20 percent for administrative expenses and profit. But plans that include an HSA are usually designed with high deductibles and low premiums.

"While these plans typically have lower benefit costs, they are not necessarily less costly to administer on a per-enrollee basis," AHIP said. "Policymakers should recognize the unique nature of HSA plans to preserve consumers’ access to this important coverage option. "

Sen. Orrin HatchOrrin Grant HatchFinance to hold hearing on ObamaCare repeal bill Overnight Finance: CBO to release limited analysis of ObamaCare repeal bill | DOJ investigates Equifax stock sales | House weighs tougher rules for banks dealing with North Korea Week ahead in finance: Clock ticking for GOP on tax reform MORE (R-Utah) has introduced a bill to expand the use of HSAs.