Proposal would require state offer HSAs
MADISON, Wis. (AP) -- The Legislature's budget committee has approved creating a high-deductible health insurance plan with health savings accounts for government workers in Wisconsin.
The provision included in Gov. Scott Walker's budget was approved Tuesday by the Republican-controlled Joint Finance Committee.
Before the new plan is created, an actuarial study must be completed to ensure creating the program does not increase overall health insurance costs.
The new health insurance option would be available for state and local government workers starting in 2015.
Contributions to health savings accounts are tax-free and the money can be tapped for health-related expenses by the employee.
They and high-deductible health insurance plans are viewed by some as ways to control the growth in health care costs by providing financial incentives for covered people to make cost-effective options.
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