Employeeswho have saved enough in their HSA to meet their insurancedeductible are at risk of succumbing to a "money to burn" mindsetand spending on unnecessary health care. (Photo:Shutterstock)
Employers have made a big push in recent years to encourageemployees to adopt high-deductible health plans (HDHP),incentivizing the switch with employer contributions to a healthsavings account (HSA). As of last year, according to data from theEmployee Benefits Research Institute, 46 percent of Americans withprivate health insurance were enrolled in a high-deductible healthplan (though not all have a corresponding HSA).
As HSAs gain traction–and balances–new insights into consumerbehavior can be gleaned. In a recentwebinar, EBRI explored the results of its recent study on HSAaccount balances. There are currently an estimated 25 million HSAaccounts, 76 percent of which have been opened since 2015.
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
