The Treasury Department has published a notice on health savings accounts, which are new accounts created by the recently enacted Medicare reform law that offer tax advantages for certain health insurance enrollees, including potentially some in the Federal Employees Health Benefits program. Under HSAs, which were authorized effective this calendar year by last year’s Medicare reform bill, those with “high-deductible” health insurance plans are allowed to create accounts into which they could put up to $2,600 for individual coverage or $5,150 for family coverage to pay for out-of-pocket medical expenses such as copayments and deductibles. The Office of Personnel Management has said it is exploring whether such accounts can be created as early as this year in the FEHB. For excerpts from the Treasury Department document, go to
https://www.fedweek.com/HotFreeNews/default.asp in the hot free info section of our website.
