|[February 16, 2017]
Health Savings Accounts Continue to Grow in Popularity
More than 20 million American consumers took advantage of the benefits
offered by health savings accounts (HSA) in 2016, according to a survey
conducted by America's Health Insurance Plans (AHIP).
Since the introduction of HSAs in 2004, enrollment has grown steadily.
Over the last decade, HSA participation has grown from just 3.2 million
in 2006 to 20.2 million in 2016. On average, plans surveyed in 2015 and
2016 enrolled an additional 648,000 consumers, an average net increase
in HSA participants of 3.4 percent.
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"HSAs give consumers more options and control over their health care -
and that will help bring down costs," said Marilyn Tavenner, President
and CEO of AHIP. "HSAs give consumers the power to choose and the power
to shop. With an HSA, consumers can look for the most cost-effective
services and products that meet their individual needs. Not only do
consumers save money, they can use these tax-free dollars to pay for
Because these plans are designed specifically to empower consumers, many
include decision-support tools designed to help their members make more
informed health care decisions. In addition to health and wellness
resources, most responding plans provide the following information to
allow members to make informed decisions:
Access to a personal health record
Physician-specific quality data
Hospital-specific quality data
Health care cost information
"As policymakers explore options for promoting affordable coverage, we
are encouraged that they will explore proposals that increase the
availability and flexibility of HSAs," concluded Tavenner. "HSAs may
also serve as a vehicle to deliver individual tax credits to people who
purchase an individual plan."
America's Health Insurance Plans (AHIP) is the national association
whose members provide coverage for health care and related services to
millions of Americans every day. Through these offerings, we improve and
protect the health and financial security of consumers, families,
businesses, communities and the nation. We are committed to market-based
solutions and public-private partnerships that improve affordability,
value, access and well-being for consumers. Visit www.ahip.org
Learn more about health insurance and how it works at myhealthplan.guide.
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