The Guardian Life Insurance Co. of America and Destiny Health said Monday that they are offering a health savings account option in conjunction with the Destiny Health Plan.
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The Chicago company's plan is available through the alliance to employers in Illinois, Virginia, Maryland, and the District of Columbia.
HSAs were created by a federal law in 2003. Employees and their employers can contribute pretax dollars into the accounts, and the money can be withdrawn tax-free to pay for qualified medical expenses.
Guardian Life, a New York insurer, is the fourth-largest mutual life insurance company in the nation; it offers life, disability, health, and dental insurance, as well as 401(k)s and trust services.
