Guardian Joins With Destiny To Sell HSAs

President Bush brought HSAs to life Dec. 8, 2003, when he signed the Medicare Prescription Drug, Improvement and Modernization Act of 2003. One MPDIMA section lets eligible taxpayers who buy high-deductible health insurance policies exclude HSA contributions from taxable income and spend HSA cash on qualified expenses without paying income taxes on the distributions.

The HSA program lets employers and employees contribute up to $2,600 in pre-tax dollars to accounts for individuals and up to $5,150 in pre-tax dollars for families.

Destiny Health is a unit of Discovery Health Pty Ltd., Sandton, South Africa.