Health savings accounts see strong early growth

Geisel, Jerry
January 2005
Business Insurance;1/17/2005, Vol. 39 Issue 3, p4
The article reports that health savings accounts (HSA) linked to high-deductible insurance plans now occupy only a small sliver of the health insurance market but are off to a fast start. About 40,000 Medical Savings Accounts--later renamed Archer Medical Savings Accounts by Congress--were sold during their first year of existence, but they failed to reach the same level of market penetration over the past 10 years that HSAs have already achieved in the last year, said America's Health Insurance Plans President and Chief Executive Officer Karen Ignagni. Premiums for HSA-linked products are much lower than those for traditional plans, due to the cost-sharing requirements imposed on enrollees.


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