18 Million to be in HSAs by end of 2007

18 Million to be in HSAs by end of 2007

April 7, 2007 Posted by Tarren Bragdon - No Comments

Information Strategies, Inc just released their projections for Health Saving Account growth for the year 2007. These projections show how popular these low-cost, comprehensive benefit health insurance plans are becoming with individuals and employers:
— The number of Health Savings Accounts will reach 8 million.
— Deposits in custodial accounts will total $13.6 billion at year-end
— Average accounts will pass $1,700 mark, with those accounts being in
existence two or more years hovering at $4,400
— 22% of employers will offer HSAs
— More than 40% of all companies will fund 50% or more of the first
year’s deductible
— New HSA-covered lives will exceed eight million, bringing the HSA-
insured total to 18 million
To learn more about Health Saving Accounts, read my HSA paper released last year.