Use of HSAs up 35%; critics see tax shelter
Houston BizjournalsPosted: May 14th, 2008 by Steve Trinward
“The number of Americans with insurance plans tied to health savings accounts has passed the 6 million mark, according to America’s Health Insurance Plans. HSAs are tax-favored, individually owned savings accounts that can be used to pay for medical expenses in conjunction with a high-deductible insurance plan. About 6.1 million Americans were covered through HSA plans in January 2008, up 35 percent over the same period a year earlier, according to AHIP, a trade association representing insurers. … About 30 percent of individuals covered by HSA plans worked for small businesses, 45 percent worked for large employers, and 25 percent bought insurance in the individual market. The small-group market is the fastest-growing segment for HSAs.” [editor’s note: They damn sure ARE “tax shelters”; since the legalized theft machine won’t give you back your medical payments (unless you’re a corporation?), this is the only option! - SAT] (05/14/08)
