Health Savings Accounts

Something magic happens when people spend their own money for healthcare. A high deductible health insurance plan coupled with a tax deferred savings account means less cash outlays for premiums. And if correctly done, those dollars remain available for medical expenses. Patient costs come down.

 Making Premiums Tax Deductible


Treat people equally. In the large group market, there is tax preference for an employer to purchase insurance for an employee. We should also confer a tax preference on an individual buying in the individual market.



 To lower costs, patients should be able to buy across state lines. In the individual market, competition and lower premiums includes being able to buy across state lines. If we can buy across state lines to save 10% in 10 minutes or to shop online for life insurance quotes, we should be able to do the same with health insurance.