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Friday, Apr 19, 2024

CMA Offering Doctors HSAs

The California Medical Association has selected UMB Healthcare Services to provide health savings accounts to its member physicians. Marsh Affinity Group Services will provide insurance as part of the arrangement. Dr. Jack Lewin, CEO of the CMA, said the accounts provide value and simplicity for physicians when using the health care system, and that they provide significant tax savings as well. Roy S. Lyons, a senior vice president for Marsh Affinity Group Solutions, said that most physicians will be able to use the accounts to lower their practice expenses, and that with online enrollment members will have easy access to the new benefit. The CMA is made up of 35,000 member physicians throughout California.

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