A report from the J.P. Morgan Treasury Service shows how HSAs have become a vital part of helping Americans save and pay for medical expenses. The report includes the J.P. Morgan HSA Program Snapshot which details the saving, spending and investing patterns and trends among 700,000 HSA account holders in 2010.
"As health care costs continue to rise year over year, Americans are increasingly leveraging HSAs as a means for using pre-tax dollars on current medical expenses, as well as a way to invest and earn money for future health costs," said David Josephs, managing director of J.P. Morgan. "We expect employers who are offering HSAs for the first time, or those who already have programs in place, to use J.P. Morgan's HSA Program Snapshot as a benchmark for comparison as they review health plan options for the upcoming enrollment season," he also said.
Important report highlights from 2010 include:
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
