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Monday, November 01, 2004

Stories from the HSA frontlines

[January Payne, "Early Users of Health Savings Accounts Say So Far, So-So," The Washington Post, 26 October 2004.]

To read the headline of this article, one could easily get the impression that early users are less than satisfied with their HSAs. That often seems to be the role of an editor, though - come up with a title that bears little resemblance to the content of the article in question.

The only "detractor" in the article was upset because her debit card was stolen. She plans to keep her HSA:

"Like most self-employed people, I'm always struggling to find health insurance," Delony said. "This is the first time [a health plan] made financial sense."

All of the other comments in the piece are positive, as well:

"It's a fairly long list of things that [an HSA account] can be used for," said Modugno. "It's easy to keep track of . . . Before, it was really hard to keep your records straight."

The HSA plan "allows me to put away a considerable amount of money for those emergencies," Payne said. "We've built up a pretty good reserve."


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