President Bush is proposing changes in HSA legislation that will make it easier for small businesses to join in healthcare alliances and for individuals to pay for more of their healthcare with pre-dollars from their account while at the same time creating a nationwide HSA program.
More than 600 banks and other financial institutions were offering Health Savings Account custodial opportunities to individuals and companies as of January 1, 2006, according to an analysis by Information Strategies, Inc. (ISI).
In another sign of the growing popularity and usage of HSAs, a major grain distributing company is using a payment system for farmers to secure a steady crop supply in the face of increasing competition.
White House sources indicate the President is evaluating HSA options leading up to his state of the union address. Staffers reported several options are still being discussed and early reports of a Presidential decision were premature.
