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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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January 27, 2005
Bush Promotes Health Savings Accounts

President Bush is touting his healthcare proposal that would use tax credits for encouraging greater participation in health savings accounts, the Washington Post reports.

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Bush outlined his plan for reducing the costs of healthcare insurance at the National Institutes of Health in Maryland. He said market forces will drive down the costs of health costs, the newspaper reports.

"Health savings accounts all aim at empowering people to make decisions for themselves, owning their own healthcare plan, and at the same time bringing some demand control into the cost of heath care," Bush said. "Our view is that if you're a consumer of health care and you're in the marketplace making health care decisions, it is more likely that there [would] be more cost control in health care than a system in which the consumer of health care has his or her healthcare bills paid by a third-party provider."

Health savings accounts provide tax-favored treatment for individuals who have a high-deductible health insurance plan. Unused amounts can be rolled over for use in subsequent years.

The newspaper notes that critics contend that health savings accounts, because they must be combined with high-deductible plans, will shift the burden of higher healthcare costs to individuals who are least able to afford them.

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