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Resources:
A growing trend.
(PRWEB) March 30, 2005 -- In a recent survey, 3 out of 4 people
had never even heard of a Health Savings Account (HSA), yet
in January 2005, more Americans set up a Health Savings Account
(HSA) than in all of 2004. In February, the number of participants
doubled again. It has been reported that 43% of HSA applicants
did not have insurance before they applied.
A report released by Financial Research Corporation on March
21st, 2005 estimated there would be 8.2 million Health Savings
Accounts with 50 billion in assets by the end of 2010. Education
is the key to having a successful HSA program. Thousands of
Americans have already set up their HSA after reviewing information.
Thousands of insurance agents nationwide receive hsa Trustee
Services' monthly HSA newsletter with fresh ideas to educate
individuals and employers about the benefits. Large insurance
agencies and employee benefit companies are using the HSA
private label program to promote.
Once people learn the many benefits to the HSA program, such
as paying health care expenses with tax free dollars, lower
insurance premiums, rollover of funds from year to year and
employer contributions to employee HSAs, to name just a few,
there really isn’t a good reason not to get a High Deductible
Health Plan (HDHP).
Health Savings Accounts are changing health care options in
America, and this market will only continue to explode in
the months and years ahead. This is a win-win situation for
the bank and credit union customers, as they receive the most
up-to-date HSA information. In addition, the bank is able
to keep its local customers and receive the HSA deposits.
Helping the bank or credit union educate their customers on
the benefits of the HSA program will keep these HSAs on the
local level where they belong, which means millions of dollars
can be recycled back into the community. If a bank customer
is looking into a High Deductible Health Plan (HDHP) but the
insurance company will only allow the HSA to be set up with
its own provider, that customer should know it is time to
pick a new insurance company. Customers should always have
a choice of where to open their account and place their deposits.
www.hsaTrusteeServices.com
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the Campaign! Enter email address: Site Search: Health Savings
Accounts Growing in Popularity. Most large employers say they
are likely to offer HSAs to employees by 2006, which are "touted"
by.
covertheuninsuredweek.org/news/index.php?NewsID=899
Growth From the of Medical Savings Accounts to their employees.
This trend has been driven by the actual savings in health
care spending .
www.ncpa.org/ba/ba170.html
Comprehensive information on Health Saving Accounts: Politics,
Regulation, and Industry News to estimate long-term growth
for health savings accounts (HSAs), FRC projects that this
Validating the growing consumer health trend, 74 percent of
the companies offering.
www.hsainsider.com/news.asp
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