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Basics of health savings accounts from the FPA.

Publication: Mississippi Business Journal
Publication Date: 17-APR-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Special to the Mississippi Business Journal

If the White House gets its way, health savings accounts (HSAs) might finally get serious attention from employers, workers and self-employed businesspeople looking for a way to blunt the high cost of health insurance.

The Bush Administration has proposed a $91-billion expansion of HSAs, which allow workers to save and spend money tax-free for medical needs if they buy high-deductible health insurance policies. Significantly, the administration wants to allow additional tax breaks for individuals who set up the accounts on their own instead of through their employers. Also, the proposal would allow better portability of these accounts when an individual changes jobs or...

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