Are health savings accounts in your future? New Medicare law offers more than just drug benefits.(One For Your Money)

When Congress passed a law that included major new changes to Medicare last November, headlines proclaimed that the federal health insurance program for people over 65 would provide prescription drug coverage for the first time. In truth, the coverage will he partial and it won't take effect until 2006.

"It remains to be seen how much this new law will help retirees," says Earl J. Romero, 72, who heads a tax and advisory firm in New York City. "My wife and I now receive prescription d rug coverage from her former employer, a private university. If the college decides that the government will be providing adequate d rug coverage to retirees through Medicare, it may …