Local stocks slammed as markets tank 5 percent again
Greater Cincinnati stocks got slammed for the second day in a row Thursday as investors pummeled the market to its second straight day of 5-plus percent losses. (PG) (ASH) (AKS) (BGC) (OCR) (AFG) (CBB) (CVG) (KR) (M)
Steve & Barry?s to liquidate
Steve & Barry’s stores will liquidate by early 2009 after its new owners said they would not be able to find financing, Reuters is reporting.
Honda cutting back production
Honda Motor Co. is reducing North American vehicle production by another 18,000 units in response to dwindling sales.
P&G continues to shrink energy footprint
Procter & Gamble Co. reduced its water and energy consumption by 6 percent to 8 percent in its last fiscal year, increasing its reductions since 2002 to roughly 50 percent.
Nordstrom sets opening date in Cincinnati
Nordstrom Inc. has marked Sept. 25, 2009, as the opening date for its long-awaited store at Kenwood Towne Centre, the chain’s first location in Greater Cincinnati. (JWN)
Ohio wins federal grant for Wilmington layoff aid
The Ohio Department of Job and Family Services will administer a $3.9 million National Emergency Grant targeted at workers being laid off due to DHL Express’ pull-out from Wilmington.
Warye named Safeco/Ohio Casualty regional manager
Liberty Mutual Group’s Safeco and Ohio Casualty units have named Matt Warye vice president, Safeco Insurance and Mid-Atlantic regional general manager.


little extra benefit is that you are able to take off of your taxes any money that is deposited into the account all the way up to April 15th. So, if you are coming up to tax time, and find you need to reduce your taxes some more, you can put it into your HSA, and find the tax break you need.

Better Coverage

The new HSA's have an extra real nice feature - they cover more. Some things that you may not have been covered for under another type of policy, you may find that you are covered for with an HSA. This could actually allow you to get a better coverage for less. Things like dental coverage, therapy, even non-prescription medicines and some alternative treatments may also be covered, and even some mental illness treatments, too.

You Keep Control

Under an HSA, you are the one in control of the money. It is yours to use. You can take money out of the account when you want, but only the money that is used only for medical purposes is tax-exempt. Generally, you will be given a card, like a credit card, that gives you access to the account. Whenever you use money from the account, the insurance company automatically gets a receipt, and it is subtracted from your account, and your deductible - and it remains tax exempt.

Like any other insurance policy, once you have paid the deductible amounts, the rest is up to the insurer to pay. By having the high deductible you reduce the premiums considerably. The savings account can also provide a good hedge for your medical insurance program for the future, too, because any money not used toward the deductible remains your money – to use next year, if you need it. On the other hand, the money in your HSA might also be used to provide some money for retirement - assuming you maintain your good health.

Article Source: http://www.article-matrix.com

Joe Kenny writes for the Personal Loans Store, visitors can compare UK loans and also focuses on personal loans for UK residents.Visit Today: www.ukpersonalloanstore.co.uk

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