State Laws Continue to Get in the Way of Health Savings Accounts
ALEXANDRIA, Va., March 19 /PRNewswire-USNewswire/ -- Some states have insurance laws that conflict with the requirements for Health Savings Accounts (HSAs) and hinder insurers' ability to offer HSA-compatible policies. 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 HSAs 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 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, and while you're there visit CAHI's HSA Info Center. 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.
SOURCE Council for Affordable Health Insurance
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