February 17, 2006 Treasury Secretary Visits Associated Material "With the addition of HSAs to your health coverage options, Associated Material Handling Industries is joining large and small employers across In remarks to company employees, Secretary Snow also detailed the President's proposals to expand Health Savings Accounts by making premium costs deductible from income and payroll taxes when purchased by individuals, raising the cap on the amount of money that can be saved in an HSA and making the high-deductible insurance plan that accompanies an HSA fully portable. "HSAs are a good product. They're working," Snow said. "Savvy employers are offering them to their employees, and they are opening up an affordable option to small employers that might not have been able to afford health insurance otherwise. I'm thrilled that the employees of Associated Material Handling Industries, Inc. are going to have the option of HSAs soon, and I hope that in the near future all Americans have a chance to start HSAs that have all the tax benefits of traditional health insurance."
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