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Firm Says Tools Boost Health Account Use

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Employees who analyze health spending are more likely to enroll in flexible spending account and health savings account programs, according to a decision support software company.

Asparity Decision Solutions Inc., Durham, N.C., says it compared client employers employees who used its spending analysis system in 2007 with client employees who did not use the system.

About 7% of the system users enrolled in programs that combined high-deductible health plans with HSAs, compared with just 2% of the nonusers, Asparity says.

The users also contributed an average of $506 to FSAs, while nonusers contributed an average of just $209 to their FSAs, the firm says.

Asparity also found that employees earning less than $30,000 per year usually picked the cheapest plan, whatever that plan happened to be, while employees earning more than $100,000 per year picked coverage based on factors such as satisfaction ratings or access to chiropractic coverage.