AHIP Studies HSAs

By Filed under Health Insurance on February 16, 2009 with 3 comments

America's Health Insurance Plans has released a study of more than 1.1 million Health Savings Accounts (HSAs), open as of June 30, 2008. Results:

  • In the first six months of 2008, 70 percent of HSA accounts in the study had a personal deposit; 40 percent had an employer contribution; 71 percent had withdrawals; 86 percent reported Interest earnings; and 60 percent were charged a fee.
  • The average balance for all HSA accounts was $1,449, ranging from $747 for accounts opened in the first six months of 2008 to $3,125 for accounts opened in 2004 or earlier.
  • Among accounts with personal deposits in 2007, the average amount deposited was $1,517. Among accounts with employer contributions, the average contribution was $1,680. The average amount withdrawn from accounts that had withdrawals was $1,486.
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Comments (3)

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  1. Joe S. says:
    February 16, 2009 at 12:12 pm

    Sounds like millions of people are capable of managing their own health care.

  2. Larry C. says:
    February 16, 2009 at 12:28 pm

    Notice that the account balances are getting larger through time. This is bound to have an increasing effect on the suuply side of the market.

  3. Bret says:
    February 17, 2009 at 4:13 pm

    Somebody needs to send this study to the Robert Wood Johnson Foundation and to the Urban Institute. See Greg Scandlen’s harsh review of their study above.