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UPDATE: Proposal would require state offer HSAs

UPDATED Tuesday, May 21, 2013 --- 1:45 p.m.

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.

Copyright 2013: Associated Press

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Posted Tuesday, May 21, 2013 --- 10:58 a.m.

MADISON, Wis. (AP) -- Government workers in Wisconsin would have to be offered a high-deductible health insurance plan with a health savings account under a proposal to be voted on Tuesday.

The provision included in Gov. Scott Walker's budget is up for consideration before the Republican-controlled Joint Finance Committee.

It calls for creating the new health insurance option 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 treatment options.

Copyright 2013: Associated Press


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