President George W. Bush signed the Health Opportunity Patient Empowerment Act of 2006 today, enhancing Americans’ access to tax- advantaged health care savings. The law, part of the Tax Relief and Health Care Act of 2006, provides new opportunities for health savings account (HSA) participants’ to build their funds.
“Health savings accounts are improving the way Americans obtain the care they need. This bill makes HSAs more flexible and makes it easier for participants to put money aside for their personal health care,” said Treasury Assistant Secretary for Tax Policy Eric Solomon.