Consumer-directed or Health Savings Account (HSA)-style plans are becoming increasingly popular, a new survey finds. The study, conducted by Washington-based health insurance association America's Health Insurance Plans (AHIP), says the number of Americans covered under the high-deductible plans increased 31% since last year.
The census found since January of last year, approximately 1.9 million Americans opted for an HSA, bringing the total to some 8 million Americans. As for geographic distribution, California (854,000), Florida (524,000), Illinois (497,000) and Texas (476,000) were the states with most members enrolled.
The study also found that 30% of those covered by a HSA plan were in the small-group market, 47 % were in the large-group market and the remaining 23% were in the individual market.
AHIP has conducted a periodic census of health insurers since Health Savings Accounts were first authorized in January 2004.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access