HSAS: A Healthy Idea?

President Bush says health savings accounts will expand medical coverage to the uninsured and help control soaring costs. But critics aren't so optimistic. Here's a primer on the key issues.

How do HSAs work? If you have regular health insurance or are on Medicare, you don't qualify for an HSA. If you qualify, you or your employer may contribute. This year the limits on contributions, which are tax deductible, are $2,700 per individual and $5,450 per family. The money grows and can be withdrawn tax free, and may be spent on expenses such as drugs and checkups. One twist: to get...

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