INCREASED POPULARITY OF HSAs -More than 1 million workers have enrolled in health savings accounts

"...states...able to prohibit HSA's since it is a federal law." States regulate insurance plans through their departments of insurance. Insurance products are almost all state regulated.

Some more activist departments attempt to decide which are "acceptable" health insurance products, in an attempt to "protect" the public. They often mandate that plans have to have $20 co-pays and low deductibles. These rules make plans expensive and, in effect, make it impossible to offer the High Deductible plans that are needed to have an HSA. Hawaii and R.I. and excellent examples of this travesty, but there are lots of others states that do this as well. Unfortunately, you MUST have a high deductible health plan in order to have an HSA. If your state makes it illegal to have a HDHP, you're out of luck.

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