Health Savings Account Enrollment Reaches 11.4 Million
June 16, 2011
More than 11.4 million Americans are covered by Health Savings Account (HSA)-eligible insurance plans, a more than 14 percent increase since last year, according to a new census released by America's Health Insurance Plans (AHIP).
- Health Savings Accounts were authorized starting in January 2004.
- Since then, AHIP has conducted an annual census of health plans participating in the HSA health plan market.
- This year's census shows that enrollment in HSA plans has nearly doubled over the last three years, from 6.1 million enrollees in January 2008 to 11.4 million in January 2011.
Key findings from the census include:
- As of January 2011, approximately 11.4 million people were covered by HSA plans, an increase of more than 14 percent since last year.
- Between January 2010 and January 2011, the fastest growing market for HSA plans was for large-group coverage, which rose by 26 percent, followed by individual market coverage, which grew by 15 percent.
- In the individual market, 2.4 million were enrolled in HSA plans, while approximately 2.8 million were enrolled in HSA coverage in the small-group market and over 6.3 million were covered in the large-group market.
- States with the highest levels of HSA enrollment were California (1,073,319 enrollees), Texas (844,832 enrollees), Ohio (728,868 enrollees), Illinois (690,509 enrollees), Florida (656,243 enrollees) and Minnesota (507,307 enrollees).
Source: "Health Savings Account Enrollment Reaches 11.4 Million," America's Health Insurance Plans, June 14, 2011.
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