President To Push For Higher HSA Limits, Other Changes
As predicted by industry pundits, President George W. Bush putting his weight behind stronger Health Savings Account efforts this year.
He is expected to make limiting the soaring costs of health care, a strong part of his domestic themes in his State of the Union address and to tout HSAs and other forms of healthcare reform to Congress and the American people.
"For the sake of America's small businesses, workers and families, we must ... make health care more affordable and accessible,'' Bush said in his latest weekly radio broadcast.
He said he plans to press Congress to expand the use and availability of tax-free "Health Savings Accounts,'' which allow people to set aside money for routine medical expenses while also providing tax free savings towards retirement.
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