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Wednesday, July 27, 2005

eHealthInsurance releases new HSA data

["Health Savings Accounts: The First Six Months of 2005," eHealthInsurance, 27 July 2005.]

eHealthInsurance just released an update to its earlier "HSAs: The First Year in Review." The update reveals that coverage is becoming even more affordable and a greater number of those with limited incomes and who were previously uninsured are taking advantage of HSAs:

This report...focuses on the comparison between the first half of 2005 and the previous twelve months of 2004 plan benefits, purchaser demographics and premiums for HSA-eligible plans in the individual and family markets.

[K]ey findings include:

- The percentage of HSA-eligible plan purchasers with incomes of less than $15K who were previously uninsured increased by over 5 percentage points.

- There has been a clear shift toward lower monthly premiums in the first six months of 2005 compared to 2004 with the proportion of those people paying $50 or less increasing by 75%.

- The average monthly premiums for HSA-eligible health plans have decreased by an average of 15% from 2004.


[Devon Herrick, "Health Savings Accounts: The Future Of Health Care For Kansans," The Flint Hills Center, 14 February 2005.]

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