HSAs accepted as a mainstream health care option

By Gary Linnell

ProWEB Wire (Industry News)


HSA Bank released today the results from its 2010 Consumer Benchmark Survey that indicate Health Savings Accounts (HSAs) have been accepted as a mainstream health care option.

The data illustrates that people with an HSA-compatible health plan have similar characteristics -- including age, health and income -- as those with traditional health plans such as HMOs and PPOs. Fidnings indicate that 57.5 percent (HSA) and 60.9 percent (traditional) were age 45 or older; 94.9 percent (HSA) and 93.9 percent (traditional) considered themselves of average or better health; and 44 percent (HSA) and 45 percent (traditional) earned an annual household income ranging from $25,000 to $75,000.

According to the senior vice president of Business Development at HSA Bank "Since the HSA became available in 2004, opponents have argued that the accounts are only beneficial for the young, healthy and wealthy. Our survey results are a strong indication that HSAs can benefit anyone, and have joined the ranks of other mainstream healthcare options like PPOs and HMOs."