Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Guardian: CDHPs Gain

X
Your article was successfully shared with the contacts you provided.

Health plans that incorporate personal health accounts are starting to win a significant amount of market share.

Health plans that incorporate personal health accounts are starting to win a significant amount of market share.

The Guardian Life Insurance Company of America, New York, has included that finding in a summary of results from a recent telephone survey of 1,001 U.S. adults ages 18 and older who live in the continental United States.

About 60% of the consumers reported that that they are still participating in a traditional medical plan, with 37% in a preferred provider organization plan and 23% in a health maintenance organization plan.

About 14% of consumers participate in a high-deductible health plan with either a health savings account or a health reimbursement arrangement. The percentage is noteworthy, considering that HSAs have only been available for little more than 5 years, Guardian says.

The participants in the 45-54 age group were the ones most likely to be enrolled in “consumer-driven health plans,” or CDHPs, with HSAs or HRAs.

About 22% of the participants with annual incomes over $75,000 said they have HSAs, Guardian says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.