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Health Savings Account triples in 2005.

Publication: Managed Care Quarterly
Publication Date: 01-JUN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
According to a recent industry survey, Health Saving Accounts (HSAs) have grown faster than many had predicted. Preliminary findings released by America's Health Insurance Plans (AHIP) show that more than 3 million Americans have enrolled in HSA policies that pair the tax-free accounts with high-deductible insurance plans. This figure is triple the number enrolled when AHIP last surveyed the HSA market in March 2005. Results then showed slightly more than 1 million Americans with HSA policies.

AHIP has charted the market's growth since 2004, when HSAs were first made available to consumers. The group's most recent survey, however, is the first to reflect the effect of large employers that began offering HSA policies...

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