Magazine article HRMagazine

HSA Enrollments Grow, While Use of HRAs Shrinks

Magazine article HRMagazine

HSA Enrollments Grow, While Use of HRAs Shrinks

Article excerpt

More employees are choosing consumer-driven and high-deductible health plans, according to the nonprofit Employee Benefit Research Institute (EBRI).

However, enrollment in one kind of consumer-driven health plan (CDHP)-employer-funded health reimbursement arrangements (HRAs)-declined, while more employees signed up for health savings accounts (HSAs), which can include both employer and employee contributions, EBRI found.

The 2013 Consumer Engagement in Health Care Survey, conducted by EBRI and Greenwald & Associates, also found that a growing share of the high-deductible health plan (HDHP) market is HSA-eligible. HSAs must be linked to health insurance with minimum deductibles of $1,250 for individuals or $2,500 for families in 2013 and 2014. However, not everyone in an HSA-eligible HDHP has opened an HSA.

Among the findings:

* Enrollment in a CDHP with either an HSA or HRA reached 9. …

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