Health Insurance Daily

Health Saving Accounts Catch Small Biz Interest

According to an article written in the BizJournal, health savings accounts will become the most popular type of health insurance for small businesses in a few years, insurance experts say.

They say President Bush's proposals to expand tax breaks for HSAs would accelerate a trend already occurring as small businesses look for relief from years of double-digit premium hikes for traditional insurance.

"They've caught on like wildfire, in the small market especially," said Mary Nell Lehnhard, senior vice president of the Blue Cross and Blue Sheild Association.

"We're inundated with requests on how HSAs work," said Roy Ramthun, the U.S. Department of Treasury's senior adviser for health initiatives.

posted by Mike @ 2:50 PM