Tuesday, March 29, 2005

HB 107: Health Savings Account

H.B. 107, P.N. 99 (PAYNE). This would create the Health Savings Account Act.
A state income tax exclusion would be created for any increase in value of a health savings account, for any payment or distribution from a health savings account that is use only to paying qualified medical expenses, and for any reimbursements for qualified medical expenses to a health savings account holder or an employee.
The portion of distributions from a health savings account payment or distribution used for purposes other than to pay qualified medical expenses would be considered as income. The cost recovery method would be used in determining the portion of a health savings account payment or distribution that is to be considered as income.
A high deductible health plan would be required to have a minimum health insurance benefit or reimbursement.

4 Comments:

At 4:40 AM, Blogger shawn said...

I appreciate the concern which is been rose. The things need to be
sorted out because it is about the individual but it can be with
everyone.The initiative taken for the concern is very serious and need an
attention of every one. This is the concern which exists in the
society and needs to be eliminated from the society as soon as
possible.The people are loosing their moral while becoming modern. Thesociety needs to be attentive that moral value.
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At 3:02 PM, Blogger maical said...

"With two laptop-loving children and a Jack Russell terrier hemmed in by an electric fence, Peter Troast figured his household used a lot of power. Just how much did not really hit him until the night the family turned off the overhead lights at their home in Maine and began hunting gadgets that glowed in the darkExpert Savings Advice

 
At 5:04 AM, Blogger Thomas said...

The initiative taken for the concern is very serious and need an attention of every one. This is the concern which exists in the society and needs to be eliminated from the society as soon as possible. Every dark night is followed by a bright sunny day. So, patience and attention is required and things will be fruitful in near future.
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At 9:01 AM, Blogger johnsmith said...

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