Health Savings Accounts
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.
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