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Committee advances bill to permit pretax health savings accounts for high-deductible plans for state employees
Summary
House Bill 422, which would permit pretax health savings account contributions for state employees enrolled in qualifying high-deductible plans, was advanced by the House Insurance Committee.
House Bill 422, which would permit pretax health savings account (HSA) contributions tied to high-deductible health plans for state employees, was advanced by the House Insurance Committee by voice vote.
Representative McCullough, the bill’s sponsor, said the measure would allow payroll pretax treatment for HSA contributions for state employees enrolled in high-deductible plans. He said pretax treatment would save roughly 7.65% on payroll taxes for both…
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