Wisconsin to Review Health Savings Accounts for State Employees
State lawmakers approved legislation that revised the state’s tax law to follow the 2003 federal law that established HSAs and excludes HSA contributions from employees’ taxable income.
Budget legislation that has been signed into law requires Wisconsin regulators to examine the feasibility of offering state employees a high-deductible health insurance plan linked to health savings accounts.
Under A.B. 40, which Wisconsin Gov. Scott Walker signed into law last month, the director of state employment relations and the secretary of employee trust funds are to make their recommendations to the governor and state lawmakers by Oct. 31.
Earlier this year, Wisconsin lawmakers approved legislation that revised the state’s tax law to follow the 2003 federal law that established HSAs and excludes HSA contributions from employees’ taxable income.
Filed by Jerry Geisel of Business Insurance, a sister publication of Workforce Management. To comment, email email@example.com.
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