Legislation to allow consumers to set up medical savings accounts appears to be moving slowly

Sept. 1, 1996
Legislation to allow consumers to set up medical savings accounts appears to be moving slowly through Congress, but finally moving. Congress has approved a package of small health reforms that would protect those who change jobs or have pre-existing conditions. It includes a provision for MSAs. Republicans and Democrats reached a compromise over MSAs, the tax-deductible accounts as an alternative to group health insurance for people willing to buy high-deductible policies. The deal would create

Legislation to allow consumers to set up medical savings accounts appears to be moving slowly through Congress, but finally moving. Congress has approved a package of small health reforms that would protect those who change jobs or have pre-existing conditions. It includes a provision for MSAs. Republicans and Democrats reached a compromise over MSAs, the tax-deductible accounts as an alternative to group health insurance for people willing to buy high-deductible policies. The deal would create a four-year pilot program, in which MSAs would be available only to the self-employed and those businesses with 50 or fewer workers. Congressional negotiations still must work out details.

Judi Hasson

Washington Correspondent

Sponsored Recommendations

Whether you recently decided to make the leap or are still thinking it over, moving from server-based to cloud-based practice management software requires careful thought and ...
You've likely heard of “cloud-based” practice management software, but understanding it is another matter. Simply put, it involves accessing data via the internet, offering flexibility...
Discussing dental costs can be uncomfortable, but patient-led financing lets patients privately explore options that fit their budget, making it easier to accept necessary care...
Is your practice easy for patients to work with, or is there room for improvement? A recent report highlights that convenience, especially in digital support and access, often...