« Health Savings Accounts for Expecting Parents | Main | Health Savings Accounts are Working for More than Just the Young and Health »
March 27, 2007
Some State Laws are Getting in the Way of Health Savings Accounts
Some states have insurance laws that conflict with the requirements for Health Savings Accounts (HSAs) and hinder the insurers' ability to offer HSA-compatible health insurance plans. Some of these laws include mandating coverage of certain benefits below the deductible amounts specified in HSA rules and not exempting the money deposited in Health Savings Accounts from state taxes.
"We are seeing some very interesting HSA legislation this year. For example, recently, Ohio enacted a law that provides mandate-free high deductible health insurance plans for HSAs and now Rhode Island has introduced similar legislation," explained CAHI Director Dr. Merrill Matthews.
The Council for Affordable Health Insurance's updated HSA State Implementation Report reviews the state HSA environment and recent legislative action in one concise document. To learn more about current HSA state implementation issues, please go to http://www.cahi.org.
Founded in 1992, CAHI is a non-profit research and advocacy association whose mission is to develop and promote free market solutions to America's health care challenges. CAHI's membership includes health insurance companies (active in the individual, small group, HSA and senior markets), small businesses, physicians, actuaries and insurance brokers.
Get more information on Health Savings Accounts and HSA-qualifed health insurance plans at: http://www.Health--Savings--Accounts.com
Posted by Wiley Long at March 27, 2007 09:05 AM