The cost and availability of health care and health insurance are major concerns for many Wisconsin residents. One way people can make health care more affordable is to set up a Health Savings Account (HSA). Under federal law, people can make tax-deductible contributions to HSAs to pay for medical expenses. Wisconsin law does not allow these contributions to be deducted for state tax purposes. In each of the past two legislative sessions, the Legislature passed bills to allow HSA contributions to be deducted for state tax purposes, but the bills were vetoed by Governor Doyle. HSA deductibility is a continuing top priority for REALTORS and other independent contractors and small business owners.

The link to the Legislative Council memo (re 2005 AB 4 re HSA deductibility) is listed below.