Saturday, May 10, 2008

500,000 in Georgia Enabled to Purchase Health Insurance

By Grace-Marie Turner

Categories: Georgia

A new Georgia law will result in Georgia families having the best health insurance options available in any state.

The law makes premiums for health savings account-eligible plans 100% deductible against state income tax for individuals. It also allows a $250 tax credit per employee for small employers who offer HSAs to their employees. By creating opportunities for Georgia insurance companies to offer new, innovative products not only will the state benefit from a robust and competitive marketplace, but also a half million uninsured Georgians will soon have access to health coverage, says the Center for Health Transformation.