Calif. Bill Would Permit HSAs

February 28, 2005, 1:00 a.m. EST 1 Min Read

A proposal introduced in the state Assembly last week would allow state-chartered credit unions to offer their members tax-exempt Health Savings Accounts, just like federal credit unions. Health Savings Accounts are tax-exempt savings accounts similar to Individual Retirement Accounts that are especially earmarked for medical expenses. Federal law allows California's 300 federally chartered credit unions to offer the accounts.

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