Health Savings Accounts (HSA)

Health Savings Accounts in the News

HSA for America Opposes Health Savings Account Substantiation
HSA for America strongly opposes any proposal that would require substantiation of Health Savings Account withdrawal transactions or any radical change to the current administration of Health Savings Accounts. Health Savings Accounts are a dynamic, consumer-friendly and increasingly popular health insurance product enjoyed by millions of Americans. Current law already requires individuals with an HSA to keep and supply receipts to the Internal Revenue Service when requested. It is the individual's responsibility to keep good tax records--through self reporting--just as they do with charitable contributions and other tax deductions.

A Health Savings Account Can Meet Your Family's Health Needs
Making sure that your family is able to stay healthy partly depends on having a good health insurance program for them. One of the more recent new additions to the health insurance industry is called the Health Savings Account (HSA). This new program enables you to have reduced insurance rates because of a higher deductible, and a tax deferred savings program with it. Here are some of the features of this program:

Employer Interest in Health Savings Accounts Is Growing in Colorado
Fifteen percent of Colorado employers offered Health Savings Accounts (HSAs) in 2007, and 23 percent considered offering one, according to a survey conducted by the Mountain States Employers Council (MSEC). "It's a good thing!" said Linda Gorman, director of health care policy at the Colorado-based Independence Institute. "The more choice you give people, the better off they are. You have more choice with the HSA because you can spend it on anything the IRS deems a legitimate health expense."

Aetna To Offer Health Savings Account Plans To Conn. Businesses
Aetna will begin offering individual health insurance policies to about 40,000 businesses and through 79 Chambers of Commerce in Connecticut, under an agreement with the Chamber Insurance Trust. The arrangement is aimed at sole proprietors of businesses and workers who don't have insurance through an employer, and could help reduce the number of uninsured residents in the state, said Stephen Glick, administrator of the trust.

Managing Costs With Your Health Savings Account
As health care consumers and employers look to Health Savings Accounts and high deductible plans to reduce their health insurance premiums, the insured are at higher risk for their medical expenses. In exchange for lower premiums, health care consumers spend hundreds or even thousands of dollars on deductibles before their insurance companies pay a nickel. The new trend has health care consumers scrambling. Denver medical providers offer advice:

Blue Cross Blue Shield Banks on Health Savings Account Plans
Blue Cross Blue Shield members now have their own bank, but it won't help them if they're looking for an auto loan or a good rate on a CD. Blue Healthcare Bank's sole purpose is handling health care-related banking services, such as Health Savings Accounts. The bank is being set up by the Blue Cross and Blue Shield Association members, including Blue Cross of Idaho, one of the first four members to work with the bank.

Teleseminar Grants All Access Pass to the World of Health Savings Accounts (PRWeb via Yahoo! News)
HSA popularity has soared among the growing number of individuals who now find themselves paying for their own health insurance. HSA for America, the nation's leading online provider of health insurance plans that work with health savings accounts, is now holding weekly teleseminars to help consumers understand how HSA plans work and how people can use them to lower their health insurance costs.

Teleseminar Grants All Access Pass to the World of Health Savings Accounts (PRWeb)
HSA popularity has soared among the growing number of individuals who now find themselves paying for their own health insurance. HSA for America, the nation's leading online provider of health insurance plans that work with health savings accounts, is now holding weekly teleseminars to help consumers understand how HSA plans work and how people can use them to lower their health insurance ...

Use of health savings accounts up 35 percent; critics see them as tax shelter (BizJournals)
The number of Americans with insurance plans tied to health savings accounts has passed the 6 million mark, according to America's Health Insurance Plans.

Health savings accounts may be a good option for producers (Tri-State Neighbor)
Producers looking for health insurance may have a new option with a health savings account (HSA). Ellen Laden, director of public relations for Golden Rule Insurance Co., says HSAs make good options a lot of the time for farmers, ranchers and small businesspeople who have to buy their own insurance.

HSA enrollment continues to exhibit healthy growth (BizJournals)
U.S. enrollment in health savings account plans has increased 35 percent to 6.1 million since last year, according to a new study by America's Health Insurance Plans.

Blue Cross Blue Shield Approved to Start Health Savings Account Bank
Blue Cross Blue Shield has received federal approval to establish a savings bank that will be allowed to administer Health Savings Accounts.  Blue Cross Blue Shield said it had received assent from the Office of Thrift Supervision, a Treasury Department agency, to establish a federally insured savings bank to be based in Utah.  It will be called Blue Healthcare Bank.  Health Savings Accounts can be set up by consumers who have high-deductible insurance plans, and Blue Cross Blue Shield offers some of the most competitive HSA plans on the market.

Humana to Cap Health Savings Account Premiums for More Than One Year
After years of double-digit premium increases for employers providing health plans to workers, Humana and other insurers are trying a different approach: new health savings account plans that cap premium hikes at guaranteed low rates if buyers agree to a multiyear contract and workers absorb increases in deductibles.  Even doctors known to be skeptical of almost anything the health insurance industry suggests say they are intrigued with the health savings account idea - hoping it might be one remedy for unpredictable, rising health care costs.