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Health Care PUBLICATIONS |
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Canadafornia Here We Come?
Submitted by K. Lloyd Billingsley on 1.3.2007
On January 9 Governor Arnold Schwarzenegger, hobbled with a broken leg, will deliver the State of the State speech in which he is expected to unveil his plan for health care. The guessing game is on in the Capitol, with key signals in the press
Bulletproof? Health Savings Accounts in 2007 and 2008
Submitted by John R. Graham on 1.1.2007
Last year, I anticipated that 2006 would be “The Year of the Health Savings Account,”1 or HSA. Such accounts are held at financial institutions, into which employers or employees deposit pre-tax dollars. Any American with a qualifying, low-premium policy can open an HSA. Money in the account used for health spending is never taxed. HSA owners 65 and older can tap into the account for non-health purposes, but that money is added to their taxable income when they withdraw it. In this respect, an HSA is similar to a 401(k) retirement account.
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