Federal Manager's Daily Report

The Office of Personnel Management is looking for

opportunities to include Health Savings Accounts in the

Federal Employees Health Benefits Program, covering 3.1

million people (HSAs are designed to help save money on

qualified medical and retiree health expenses on a tax-free

basis), said OPM.

“OPM will try to identify ways to help those in the Federal

Team save some of their hard earned money by looking for

ways to provide access to HSAs in an effort to further the

number of options available to them under the FEHB program,”

said OPM Director Kay Coles James, who added that money put

into these accounts is not taxable and that individuals can

put away up to $2,600 and families can put away up to

$5,150, and that the HSAs are portable from job to job.

For more information please contact the OPM Office of

Communications at 202-606-2402 or go to

http://www.opm.gov/news/pressrel/2003/EG-HSA.asp