South Carolina Medicaid Agency Posts Hospitals’ Financial Data
The state’s Medicaid agency introduced an easy-to-navigate website showing the financial data of South Carolina’s 60 hospitals that will eventually allow patients to comparison shop for health care. The agency’s multi-stage project is aimed at bringing transparency to health care costs, ultimately driving costs down, by posting data online so that it’s easy to access and interpret, said Director Tony Keck.
Washington Pushing to Lift Veil on Pricing for Health Care
Washington state has been able to shed very little light on what its residents will pay for their health care. That soon could change, as Gov. Jay Inslee and some legislators are pushing for a database of medical procedures, their costs at various locations and the quality of the providers.
California Officials Want Transparency in Health Care Pricing
California officials want to publish the prices of medical services online so that patients can make more informed health care choices. The website would display the amount charged for a healthcare service, and how much was actually paid.
Tax-advantaged saving on a federal level is bolstering the popularity of health savings accounts, but clients ought to know that those attributes don't always apply from a state income tax perspective. With the proliferation of HSAs, advisers and clients ought to be aware of their state's treatment of the vehicles. Three states — Alabama, California and New Jersey — treat contributions to HSAs as income for tax purposes.
Most investors are familiar with the growth potential of an Individual Retirement Plan. What if I were to tell you that there is an additional investment that can grow pre-tax dollars, free of income and capital gains tax but, even better, one that does not require that you pay income tax on the funds you eventually use? This "magic" account is the Health Savings Account.