Bob Beauprez: “that is exactly my understanding and exactly correct, and I think even more to the point, it gets at health care as it…”

“that is exactly my understanding and exactly correct, and I think even more to the point, it gets at health care as it is provided today, the long-term care, the assisted living facilities, exactly what my parents are going through. Now, there is one additional item. Before I came to this body, I was an employer. The gentleman cited that. I had about 160 employees. And we provided not only the normal salary compensation, but benefits as well, health care being one of those. 401(k) matching contribution being one of those. And we were also looking for other ways to take care, if the gentleman will, to compensate, provide benefits to our employees. This health savings account allows an employer to make tax-free contributions as well to this health savings account. So what we have is the opportunity for funds from multiple directions incented, inspired to help out an individual, a particular individual, that will be there for them later in life when they most need it; and if it is unused, it can be passed on to their heirs tax free.”