High-deductible health insurance plans have lower premiums than traditional coverage but the insured pays quite a bit more out-of-pocket before any coverage starts. If the deductibles in such plans are at least $1,200 for individuals and $2,400 for families, the plans can be paired with Health Savings Accounts (HSAs). HSAs allow employees to deposit pre-tax income to pay for medical expenses. In many cases, employers also contribute to their employees’ HSAs.
Today’s market size shows enrollment for high-deductible health insurance plans with health savings accounts as of January of that year. In 2011, this represented 7% of all health insurance enrollment for people younger than 65.
Geographic reference: United States
Year: 2008 and 2011
Market size: 6.1 million and 11.4 million respectively
Source: Tom Murphy, “More Are Enrolling in High-Deductible Plans,” Lansing State Journal, June 19, 2011, page 3E
Original source: America’s Health Insurance Plans
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