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September 10, 2005
32% of Employers offer Health Savings Accounts
A nationwide poll conducted by Mellon Financial Corporation indicates that 32% of employers will offer Health Savings Accounts (HSAs) in 2006. Of those, 2/3 will also help the employee fund the account.
Once an employee has an HSA account, it is always there's. They can take it with them if they leave the job, and continue to fund it as long as they have a qualified health insurance plan, even if this is with a new employer or through a private plan.
There are now nearly 500,000 HSAs opened across the country. Some experts predict several billion dollars will be in these accounts in just a few years. This frightens fans of big-government solutions such as socialized medicine. As millions of Americans begin to accumulate money in these accounts, it may become politically impossible for President Hillary Clinton (or whoever) to take them away.
Posted by Wiley Long at September 10, 2005 12:16 PM