The Georgia Public Policy Foundation makes the case that Georgia can reduce the number of uninsured in the State by becoming the “HSA State.”
Specifically, Georgia should:
1. Increase access to new insurance products by allowing Georgia licensed insurers to receive automatic (or fast track) approval of HSA-eligible insurance approved under the laws and regulations of other states.
2. Promote an open market environment that encourages new insurers to sell HSA-eligible insurance in Georgia.
3. Allow greater regulatory flexibility for HSA-eligible insurance products that could lower costs and increase choices.
4. Encourage the development of an online, educational resource to promote transparency and expand information on HSA products, prices and services provided by health insurance agents and/or brokers.
5. Allow the option of expanded coverage for dependent children up to age 27.
6. Exempt HSA-eligible insurance from state and local premium taxes.
7. Provide a new personal state income tax deduction for HSA-eligible insurance premiums.
8. Support citizens’ right to know the cost and efficacy of prescription drugs.
9. Support citizens’ right to know the quality of care provided by Georgia’s hospitals.
10. Establish the patient as the owner of his or her medical records.
11. Expand outreach to enroll Medicaid-eligible families.
12. Create a HSA-eligible high risk insurance pool employing personal responsibility combined with accepted medical protocols and quality standards to cover those who are currently uninsurable due to existing medical conditions.
Read the entire article here.