Health Insurance Providers across the state of Georgia will receive a larger incentive to promote Health Savings Accounts. On May 7^th, 2008 a bill was signed to grant tax advantages to health insurers when a new individual signs up for a Health Savings Account. Health Savings Accounts are designed as high deductible plans with low monthly premiums to give individuals and families and opportunity to save money. Savings Accounts are created specifically for health and medical issues. These savings accounts pass the tax advantages to the individual for an opportunity to save money without being taxed. These saving accounts can also be used for retirement savings.

            The bill that was signed by the Governor takes on a conservative perspective to promote health savings account across the state. The Health Savings Accounts have already proved to be particularly useful for the wealthy class to avoid taxes while capitalizing on the maximum savings allowed by the government.

            While the insurers will also receive a large tax benefit, the bill is intended to give consumers a larger choice of options for affordable health insurance coverage. If all goes as planned, this could create a trend for other conservative states to promote the health savings accounts that the Bush Administration set in place in 2003.