Health Savings Accounts Are Off The Grid For Texas State Workers
Health Savings Accounts Are Off The Grid For Texas State Workers Texas House Bill 1766 was created to offer Health Savings Accounts to state workers for the first time. According to Andy Homer, the director of government relations for the Texas Public Employees Association, Health Savings Accounts would bring no benefit for his membership. He remains adamant that Health Savings Accounts are only used as a political tool. Not surprisingly, the bill didn't make it out of the committee, but exactly what do Health Savings Accounts offer?They have been one of the fastest growing options in the private health insurance sector for years. In general, there's been a growing movement away from the most expensive coverage options toward plans with the least expensive premiums. Those plans are typically high-deductible plans. Certain high-deductible policies can be coupled with a Health Savings Account (HSA). This option has been a money saver for employers, including small business ow...