• New Medicare Act/Health Savings Accounts
  • April 8, 2004
  • Law Firm: Fox Rothschild LLP - Exton Office
  • As of January 2004, eligible individuals may take advantage of new tax-free savings accounts, called Health Savings Accounts (HSAs), that can be used for health care expenses not covered by insurance incurred by individuals, their spouses and dependents. HSAs were created by The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 ("Medicare Act").