Most employers and account holders utilizing Health Savings Accounts and HSA-qualified health plans are satisfied with their coverage, spend less, and are more engaged in managing health benefits, according to ASC Solution. Two surveys of employers and account holders revealed:
- 84% of account holders said their HSA-qualified plans are affordable.
- 72% of account holders said they pay the same or less than with a traditional type of health plan.
- 81% of account holders said the ability to personally control health care costs is an important factor that caused them to select an HSA.
- 86% of the employers offering HSAs for more than three years indicated that plan costs were the same or less than the previous year.
- 96% of employers claimed that HSAs allow the company to continue offering group-sponsored health insurance.
After moving to an HSA:
- More than half of account holders said they more closely monitor their health care costs.
- Forty-eight percent read their medical bills more closely than when they did not have an HSA.
- Forty-six percent have a better understanding of where their money goes.
- About 40 percent more closely evaluate costs before electing medical services.
