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Treasury Secretary Snow told a meeting of credit union managers that they can use existing Individual Retirement Account forms for setting up Health Savings Accounts. Snow said that HSAs "are really super-charged IRAs" and thus "you won't need any new forms" although IRS now has all the forms if needed available on their website. These include two forms filed once a year: one form that shows contributions and another that shows how much was spent from the HSA
Federal employee unions were able to minimize the impact of HSAs on the total government program for 2005 but the good news is that they will be available.
Raising the level of concern for many small business managers, the latest surveys indicated they will be facing the fifth year of double-digit growth in health care premiums while preparing 2005 budgets.



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