Health Savings Accounts: New Laws, Stiring up Excitement!

Health Savings Accounts (HSA) have been sweetened considerably by the new law that President Bush signed on December 20th 2006 (Health Opportunity Patients Empowerment Act of 2006). I have seen a influx of interested parties wanting to take advantage of the one time transfer allowed by the new law, to transfer monies in a Flexible Spending Accounts (FSA) or a Health Reimbursement Accounts (HRA) to fund a Health Savings Account. The ability to transfer money out of an IRA (trustee to trustee) to fund a HSA has even brought more interest. All of these new options for the 2007 year are an outstanding improvement to help Americans own their medical health choices and have their much wanted flexibility too.