WASHINGTON –President Bush and U.S. Small Business Administration Acting Administrator Sandy K. Baruah recently met with women small business owners to promote the benefits of Health Savings Accounts.
HSAs are portable, tax-free savings accounts that can be used to pay for medical expenses including prescription and over the counter drugs, deductibles and co-payments incurred by individuals, spouses or dependents. Unused HSA money rolls over from year to year.
President Bush and Administrator Baruah participated in a roundtable discussion at SBA's Women's Business Center with local women entrepreneurs. They listened to first-hand testimony of women business owners who are currently benefiting from these accounts, and those who are considering them.
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