Honolulu Star-Advertiser: HSAs help cover medical expenses
The column below was published in the editorial section of the Star-Advertiser. It provides UHA’s perspective on the benefits to consumers offered by the Hawaii health savings account (HSA) and was placed in support of the HSA-enabling legislation introduced in 2017.
Originally published in the Honolulu Star Advertiser, March 8, 2017 issue.
House Bill 407 proposes creating a Hawaii HSA that would enable local employees to open a tax-exempt account funded by employer contributions, which can be used to pay medical expenses.
Across the United States, millions of people are enjoying the benefits of health savings accounts (HSAs), including quality health insurance coverage, the ability to save money by following a healthy lifestyle, and tax advantages.