The number of consumers purchasing Health Savings Accounts has more than doubled in the last six months to over one million and the number of companies offering them has more than tripled, according to a survey by America’s Health Insurance Plans.
“HSAs are steadily gaining momentum in the marketplace,” says AHIP President and CEO Karen Ignagni. “HSA-eligible policies now fill an important niche for employers and individual purchasers, and America’s health insurance plans continue to make them a valuable part of the suite of products they offer.”
Over one million people now are covered by the new insurance policies for health savings accounts, more than twice the 438,000 who had them in September 2004, with much of the growth due to employers offering HSAs to their employees.
The study was based on responses to a survey from 99 AHIP members, who collectively represent nearly all of the health insurance plans offering HSA-eligible plans.