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Thursday, September 16, 2004

Federal employees to get HSA option

[Milt Freundenheim, "A Health Insurance Option Coming to Federal Workers," The New York Times, 16 September 2004.]

Aetna and other companies have agreed to a plan that will allow federal employees access to health savings accounts. Observers will no doubt be watching this rollout very carefully:

In the biggest test yet of an idea central to the Bush administration's health care policy, the government will offer more than three million federal employees and their families a new type of high-deductible health insurance that includes tax-free savings accounts, the federal Office of Personnel Management said yesterday.

Aetna, one of the nation's largest insurers, would take the lead, providing the insurance and administering the plans for federal employees in 32 states and the District of Columbia. Seventeen other insurers, including the Government Employees Hospital Association and the Mail Handlers Benefit Plan, will also offer the savings plans, as will Coventry Health Care in several states.


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