NU Online News Service, Dec. 8, 2003, 4:31 p.m. EST – Aetna Inc., Hartford, says it will be adding health savings accounts as an option to its Aetna HealthFund family of defined contribution health plans Jan. 1.[@@]
The new Medicare Prescription Drug, Improvement and Modernization Act of 2003 includes a section that lets members of high-deductible insurance plans deduct contributions to HSAs from taxable income.
Aetna’s defined contribution health plan program combines high-deductible health coverage with personal health accounts that employees can use to pay for routine medical expenses.