A new nationwide survey finds that a growing number of Americans are choosing to enroll in health savings account (HSA)-eligible health plans. Today, HSAs provide peace of mind to 38.8 million beneficiaries while allowing individuals and families flexibility and freedom to directly control their health care dollars.
The survey, conducted by AHIP, found that health insurance plans are empowering HSA members with more tools to make affordable health care choices. These tools allow members to obtain important information about their health conditions, the quality and costs of health services in their area, access wellness resources, and navigate provider networks.
Key findings from the survey include:
- Continued robust growth in the enrollment of people in HSA-eligible health plans. As of January 1, 2024, 38.8 million people were enrolled in HSA-eligible health plans, an increase from 32.1 million in 2019. They accounted for 17.9% of the total commercial health plan enrollment, including group health plans and individual health insurance, compared to 15% of the total commercial enrollment in 2019.
- Large-group coverage, policies offered by employers with 50 or more employees, accounted for the majority of HSA-eligible health plan enrollment. As of January 1, 2024, 90% of HSA-eligible health plan enrollees were in the large group market.
- HSAs are a leading option for young working families to manage their healthcare expenses and provide peace of mind. 36% of HSA-eligible health plan enrollees were 25 to 44 years old, compared to 32% of all commercial enrollees Additionally, children 18 and younger accounted for 21% of the HSA-eligible health plan enrollment.
Click here to view the full survey results.
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