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HSAs: GROWING PAINS?

November 30, 2004

The Benefitsblog has a nice summary of issues involved in Health Savings Account implementation. It seems that some new HSA users and their health providers are confused on how they work, and how the medical bills should be computed.

Your Tax Update correspondent has an HSA, into which we rolled our old Medical Savings Account (MSA). He has switched to a new HSA administrator, but retains his old Wellmark high-deductible plan. We have had none of the billing problems described in the Benefitsblog post. Our new administrator had difficulties in arranging for the mutual funds for our HSA funds, but that appears to be ironed out now. Our experience with HSAs: so far, so good.

The Benefitsblog post also has lots of good links to timely HSA articles.

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