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