Last year alone, HSAs grew 25%. Over the last five years, the enrollment in HSAs has been unwavering: as of January 1, 2006, 3.2 million people were enrolled in an HSA; as of January 1, 2007, 4.5 million; January 1, 2008, 6.1 million; and January 1, 2009, 8 million. Driving HSAs growth is lower premiums for high-deductible health care plans than traditional plans. This year, the minimum deductible for single coverage through an HSA-linked health insurance plan is $1,200. The minimum deductible for family coverage is $2,400.
This growth is not solely representative of the large corporations, either. HSA enrollment has risen in all markets according to the Washington-based America's Health Insurance Plans. Of course, the large-employer market (51 employees +) has the largest percent gain—about 33%. However, in the small-employer market (up to 50 employees), enrollment rose 22%, and in the individual market (self-employed) enrollment increased 12%.
You can download a copy of the census here.
Are you curious about how to offer HSAs to your employees or other options for health saving accounts? Contact Linda Geist and see what ISM can offer your school. Regardless of your school's size, we have creative insurance solutions that will work for your school's budget.
