HSAs in St. Louis Post-Dispatch

There was an awesome article about health savings accounts in yesterday’s St. Louis Post-Dispatch. This article outlined a very similar approach to the health care alternatives we study at the Show-Me Institute. A study conducted by our very own Beverly Gossage emphasized the growing popularity in health savings accounts:

When given free choice of an individual plan, many employees choose health savings accounts and the qualified health plans that accompany them, because the premiums are usually 35 percent to 40 percent lower than traditional plans. Employers and employees may both contribute to the health savings account, providing more tax advantages for both parties. These funds grow with interest, and employees may use them to pay health care expenses for the entire family — even save it for retirement, if not used.

The article in the Post-Dispatch puts it best when it states, “health savings accounts aren’t a use-it-lose-it proposition.”