Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
April 12, 2007
More Workers Enrolled in HSA-Eligible Health Plans

The number of Americans covered by high-deductible health plans that are offered in conjunction with health savings accounts (HSAs) rose 43 percent from 2006 to 2007, according to a report by America's Health Insurance Plans (AHIP), an industry group.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

HSAs are tax-exempt trusts or custodial accounts established exclusively to pay qualified medical expenses. To be eligible for HSAs, individuals must be covered by a high deductible health plan.

The study found that 4.5 million Americans are enrolled in an HSA-eligible high deductible health plan in 2007, up from 3.2 million in 2006.

Eighty-eight percent of HSAs in place in 2006 had average annual balances of $2,500 or less, while 4 percent had average annual balances over $5,000.  As of January 2007, 65 percent of accounts had been in place for less than one year.

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: