CPA group likes benefits of HSAs.(Perspectives)(Certified Public Accountants)(health savings acoounts)

Business Insurance, April, 2005 by GEISEL, JERRY

Byline: JERRY GEISEL REDWOOD CITY, Calif.-A group insurance program offered through the California Society of Certified Public Accountants is adding a plan linked to health savings accounts as a new coverage option for its 28,000 members. Under the program, CPA firms and their employees will fund the HSAs, which are used to pay for expenses not covered by the high-deductible health insurance plan to which the accounts are linked.

This year, the maximum allowable HSA contribution will be $2,600 for individual coverage and $5,150 for family coverage. John Phillips, executive director of The Group Insurance Trust of the California Society of CPAs in Redwood City, Calif., described the HSA-based plan as the "best deal out there.'' "I don't know of a better...

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