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DRAMATIC GROWTH OF HEALTH SAVINGS ACCOUNTS (HSAs)
Health Savings Account

THEN (2004)…

  • 438,000 : Individuals were covered in November 2004 by HSA-type insurance plans : according to the America Health Insurance Providers (AHIP).
  • 113,000 (roughly 240,000 individuals) : IRS data on individual tax returns reporting HSA deductions in tax year 2004.

NOW…
  • 3.2 million : Seven fold increase to individuals covered by HSA type insurance plans (November 2004 to December 2005) : according to AHIP.
  • 31% -- Previously uninsured individuals buying health insurance on their own.
  • 33% : Small businesses not previously offering coverage.
  • Nearly 50% : Age 40 or over.
  • $1 billion : Dollars invested in HSAs by Americans, according to data gathered by Inside Consumer-Directed Care (ICDC) newsletter Feb. 24 issue : based on financial data provided by more than 60 financial firms including JPMorgan Chase, Wells Fargo and The Principal Financial Group.
  • 42% : Number of Individuals or families with incomes below $50,000 buying HSA type insurance on their own, according to “Health Savings Accounts: The First Six Months of 2005” report by eHealthInsurance.

THE FUTURE…
  • 14 million by 2010 :Treasury Department projection of HSA policies (covering 25 to 30 million people): based on current law.
  • 21 million by 2010 : Treasury Department HSA policies estimates rise by 50 percent (covering 40 to 45 million people) : based on the President’s health care initiative.

Matts Health Insurance Services

HSA Health Insurance in the News


HSA health insurance - Google News
Updated : Thu, 11 Mar 2010 00:47:51 GMT+00:00

Little Known Tips On How To Manage Your Health Savings Account - Your Online Insurance News

Little Known Tips On How To Manage Your Health Savings Account
Your Online Insurance News
A Health Savings Account (HSA) is becoming a popular alternative for traditional health insurance plans. ...


Publ.Date : Tue, 09 Mar 2010 12:06:44 GMT+00:00

Anthem also raises rates for Virginians - Roanoke Times

Anthem also raises rates for Virginians
Roanoke Times
Health insurance rates for individual plans offered by Anthem Blue Cross and Blue Shield of Virginia have increased as much as 20.5 ...

and more »

Publ.Date : Tue, 09 Mar 2010 06:48:02 GMT+00:00

As grownups, pass health care reform - Denver Post

As grownups, pass health care reform
Denver Post
Here's my story: I have an health savings account (HSA), something Republicans praise as if it is a panacea. Let me tell you, it's not. ...


Publ.Date : Wed, 10 Mar 2010 08:07:31 GMT+00:00

WPS Health Insurance Announces Fixed-Rate Individual Health Insurance Plan for ... - PR-CANADA.net (press release)

WPS Health Insurance Announces Fixed-Rate Individual Health Insurance Plan for ...
PR-CANADA.net (press release)
WPS Health Insurance today announced WPS Bridge65, a new individual health plan for people ages 60 to 64 who want the security of a fixed monthly premium. ...

and more »

Publ.Date : Wed, 10 Mar 2010 10:44:49 GMT+00:00

The state-based single payer strategy - Washington Post (blog)

The state-based single payer strategy
Washington Post (blog)
Even when it proved cheaper, the HSA/catastrophic guys would defend their system to the bitter end. If you haven't noticed, the health care debate has had ...

and more »

Publ.Date : Wed, 10 Mar 2010 20:40:30 GMT+00:00

Quiner: Government bullying wrong direction on health reform - DesMoinesRegister.com

Quiner: Government bullying wrong direction on health reform
DesMoinesRegister.com
Essentially, I pay the first $5100 of medical expenses incurred by my family before insurance kicks in. This is offset by money saved in our HSA. ...


Publ.Date : Wed, 10 Mar 2010 23:15:49 GMT+00:00

Health Care Prices - Germantown Now (blog)

Reuters

Health Care Prices
Germantown Now (blog)
It refers to those health plans where either the consumer is using his or her own Health Savings Account (HSA) dollars or is using an employer-funded Health ...
Why insurers don't control costsWashington Post (blog)

all 2,513 news articles »

Publ.Date : Wed, 10 Mar 2010 14:50:51 GMT+00:00

HSA Bank, UBenefit Offer Paperless Enrollment for Employers & Employees - PR Newswire (press release)

HSA Bank, UBenefit Offer Paperless Enrollment for Employers & Employees
PR Newswire (press release)
By adding HSA Bank into the UBenefit portal, agents and brokers can complete the entire health insurance sales process from coverage rate quotes to HSA ...

and more »

Publ.Date : Mon, 08 Mar 2010 15:05:12 GMT+00:00

WPS Health Insurance Announces Fixed-Rate Individual Health Insurance Plan for ... - PR Newswire (press release)

WPS Health Insurance Announces Fixed-Rate Individual Health Insurance Plan for ...
PR Newswire (press release)
The WPS Bridge65 monthly rate can be "locked" for up to five years, offering peace of mind to anyone concerned about rising health insurance costs. ...

and more »

Publ.Date : Mon, 08 Mar 2010 21:51:55 GMT+00:00

Hoosiers and Health Savings Accounts - Wall Street Journal

Hoosiers and Health Savings Accounts
Wall Street Journal
When I was elected governor of Indiana five years ago, I asked that a consumer-directed health insurance option, or Health Savings Account (HSA), ...
OUR OPINION: Hoosier health careGrand Forks Herald

all 9 news articles »

Publ.Date : Mon, 01 Mar 2010 13:54:36 GMT+00:00

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Matthew Lockard
Independent Health Insurance Agent
6633 Telephone Road Suite 200 Ventura CA 93003
California License #0B51503
Texas License #1271775