EBRI Fast Fact - A New Kind of Health Account
Employee Benefit Research Institute
EBRI is a nonprofit, independent & unbiased resource organization providing objective information about benefit programs
New EBRI Fast Fact just published – “A New Kind of Health Account”.
One of the strongest trends in health benefits is the movement to HSA-eligible health plans. According to a recent survey, 24% of workers were enrolled in an HSA-eligible health plan in 2022.?The same survey found that deductibles are also prominent in non-HSA plans, with employee-only deductibles averaging $1,451 in HMOs and $1,322 in PPOs in 2022. In other words, many workers are enrolled in health plans with deductibles high enough to be HSA-eligible, but are not technically enrolled in an HSA-eligible health plan.?As a result, they are unable to contribute to an HSA.?Something is holding these employers back from offering HSA-eligible health plans to give workers the means to pay their out-of-pocket expenses through HSAs.?
In the recently released Consumer Engagement in Health Care Survey, interest in a new type of health account was tested. Similar to HSAs, the new health account could be funded by both workers and employers, be invested in the stock market and is portable from job to job. Earnings would grow tax free and contributions would be capped. Unlike HSAs, these new health accounts could be paired with any health plan and would not have to be paired just with a high-deductible health plan.
See link to read complete Fast Fact – https://www.ebri.org/docs/default-source/fast-facts/ff-464-cehcs8-13apr23.pdf .