New rules make HSAs more attractive

April 2004
Business Insurance;4/5/2004, Vol. 38 Issue 14, p8
The U.S. Treasury Department and the Internal Revenue Service with more soon to come provides the information many employers were looking for before they would consider offering arrangements. Under the law creating health savings accounts (HSAs), arrangements must be linked to plans with at least a $1,000 deductible for individual coverage and $2,000 for family coverage. The law made clear that the high-deductible plan can provide more generous coverage for preventive care services. The law makes clear that prescription drugs, in an HSA-high-deductible plan arrangement cannot be subject to a separate, lower cost-sharing limit than other medical services.


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