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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 : Tue, 19 Aug 2008 21:35:57 GMT

Laboring Without Health Insurance? HSAs May Be an Affordable Option - The Daily Kenoshan

Laboring Without Health Insurance? HSAs May Be an Affordable Option
The Daily Kenoshan, Wisconsin - 19 hours ago
But for millions of working people, it also could rekindle memories of the old days when having a job meant they didn't have to worry about health insurance ...

Publ.Date : Tue, 19 Aug 2008 02:21:58 GMT

Webster Reports Second Quarter 2008 Results; Announces Quarterly ... - PR Newswire (press release)

Webster Reports Second Quarter 2008 Results; Announces Quarterly ...
PR Newswire (press release), NY - Jul 22, 2008
Having completed this analysis, the company has determined that $8.5 million in goodwill attributable to its insurance premium finance subsidiary was ...

Publ.Date : Tue, 22 Jul 2008 12:34:58 GMT

Tuesday, August 12, 2008 - Milwaukee Small Business Times

Tuesday, August 12, 2008
Milwaukee Small Business Times, WI - Aug 12, 2008
Patient Care's services are designed to be beneficial for people with high-deductible health plans and/or health savings accounts (HSAs). ...

Publ.Date : Tue, 12 Aug 2008 16:44:37 GMT

New Survey Shows Consumer-Driven Health Plans Continue To Grow - FOXBusiness

New Survey Shows Consumer-Driven Health Plans Continue To Grow
FOXBusiness - 13 hours ago
Employers offset these higher out-of-pocket costs by offering employees a health reimbursement account (HRA) or a health savings account (HSA) and ...

Publ.Date : Tue, 19 Aug 2008 07:59:13 GMT

Patient Care to provide services for Assurant clients - Milwaukee Small Business Times

Patient Care to provide services for Assurant clients
Milwaukee Small Business Times, WI - Aug 12, 2008
"Health care and insurance can be complicated for people," said Jane Cooper, president and chief executive officer of Patient Care. ...

Publ.Date : Tue, 12 Aug 2008 16:46:18 GMT

Texas Association of Health Underwriters Members Recognized at ... - PR-USA.net (press release)

Texas Association of Health Underwriters Members Recognized at ...
PR-USA.net (press release), Bulgaria - Jul 22, 2008
“We are truly humbled that so many of our members have been nationally recognized for their work in the health insurance industry,” TAHU president Ron ...

Publ.Date : Tue, 22 Jul 2008 14:10:42 GMT

Rhode Island Offers Proposal for Consumer-Driven Medicaid Overhaul - eMaxHealth.com

Rhode Island Offers Proposal for Consumer-Driven Medicaid Overhaul
eMaxHealth.com, NC - Aug 12, 2008
Experts say the plan will provide Rhode Island's Medicaid recipients with more choice and control over their health care ... if it survives the next ...

Publ.Date : Tue, 12 Aug 2008 16:47:06 GMT

Rhode Island Legislators Get Health Insurance Stipend - eMaxHealth.com

Rhode Island Legislators Get Health Insurance Stipend
eMaxHealth.com, NC - Aug 12, 2008
A new Rhode Island law may give the state's legislators a real advantage over their constituents when it comes to health insurance. ...

Publ.Date : Tue, 12 Aug 2008 16:47:02 GMT

Health Authority ‘undecided - Cay Compass

Health Authority ‘undecided
Cay Compass, Cayman Islands - Aug 17, 2008
Gordon Rowell, who sits on the HSA board as the head of the Cayman Islands National Insurance Company, will be succeeded by his replacement at CINICO when ...

Publ.Date : Mon, 18 Aug 2008 05:03:02 GMT

Alaska Offers Affordable Health Insurance To Non-Profit Employees - eMaxHealth.com

Alaska Offers Affordable Health Insurance To Non-Profit Employees
eMaxHealth.com, NC - Jul 22, 2008
The Foraker Group, an organization that supports not-for-profit organizations in Alaska, on Thursday announced that it will offer health insurance to ...

Publ.Date : Tue, 22 Jul 2008 18:20:37 GMT

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