health insurance

elainej — Sun, 05 Feb 2006 19:26:34 -0000

At present, people can contribute up to the amount of their deductible or $2,700 for individuals and $5,450 for families, whichever is lower. But Bush wants to lift this cap so that people can cover all their out-of-pocket costs under their HSA policy with pretax dollars, not just the deductible.

Doubtless more opportunities will emerge as HSAs evolve. For example, people may eventually be able to roll over into a credit facility once they've drawn down their HSA dollars, predicts Stephen Parente, an HSA expert at the University of Minnesota. This would provide a new source of interest revenue for credit card companies.

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health insurance