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November 07, 2011
Health Savings Accounts Are Not In The Future For Texas State Workers
In Texas, a House Bill was proposed to offer Health Savings Accounts to state workers. However, despite the growing popularity of these tax-advantaged, low-cost Health Savings Account plans, political opposition is keeping HSA Plans out of reach for state employees.
Health Savings Accounts are very popular in the insurance market today for tax breaks and lower premiums. An HSA allows you to make many expenses such as acupuncture, co-pays, chiropractor services, dental services, homeopathy, prescriptions, etc., tax deductible.
The advantages of an Health Savings Account are only available to those who have a qualified high-deductible health plan, but this type of insurance is typically less expensive than full coverage plans. The money saved on premiums can be invested in an HSA to cover expenses until the deductible is met.
Free question-and-answer teleseminars about Health Savings Accounts are regularly available through our website. You can also find extensive online information here about both Health Savings Accounts and the high-deductible health plans that work with them.
Posted by Wiley Long at November 7, 2011 10:56 AM