Oak Brook, IL (PressExposure) April 11, 2008 -- Washington, DCâReggie Karas, SVP Heath Savings Accounts, has been selected to participate in the SIFMA (Securities Industry and Financial Markets Association) Savings and Retirement Symposium on February 28-29 at the Fairmont in Washington, D.C. Ms. Karas will sit on a panel entitled âImpact of Healthcare Costs on Retirement Readiness: Policy and Reality.â Information about the symposium can be found at http://www.sifma.org.
As healthcare costs explode, the demand for innovative healthcare solutions has dramatically increased in both the private and public sector. SIFMA has convened this panel of experts to address the growing concerns. Health Savings Accounts have become a foremost solution to combat growing healthcare costs. Tax-free contributions, tax-deferred earnings and tax-free distributions (if distributions are taken for qualified medical expenses) make HSAs an ideal vehicle. The combination of the HSA to meet immediate out-of-pocket costs and a high-deductible health plan for protection against costs over the deductible provides flexibility, control and ownership over healthcare expenses back into the hands of the consumer.
Ms. Karas is an expert in health savings accounts. Under her leadership, Millennium Trust has revolutionized the health savings account market with the addition of an investment account that allows account holders to invest their HSA funds. More information about Millennium Trustâs HSA options can be found at http://www.mtrustcompany.com or 800.258.7878.