HSA Consulting Services Finds HSA Plans Widely Available and Attractively Priced On ACA Exchanges

Editor note: This article was originally published December 5, 2013 and can be found here.

HSA-qualified plans are widely available, attractively priced, but may be hard to identify on Federally run ACA Exchanges according to a new research report by HSA Consulting Services, a consulting firm focused on the growth of Health Savings Accounts.

HSA plans and tax-advantaged accounts have grown rapidly in their first ten years of existence and now cover more than fifteen million Americans. Many people feared that the Affordable Care Act (ACA) would dampen HSA growth or even eliminate HSA options, especially in light of the Massachusetts experience, where HSAs have not been as popular.

“Our research shows that HSAs play a prominent role in the ACA exchanges, accounting for nearly 20% of total offerings,” said Todd Berkley, President of HSA Consulting Services.

According to the research, HSA plans are 11% less expensive than non-HSA plans offered on the Federally run ACA exchanges. “This will save the typical family over $1,000 per year in premium costs on average if they choose an HSA-qualified plan,” said Roy Ramthun, Founder and Advisor to HSA Consulting Services. “In some states the savings is considerably higher,” Ramthun added.

While HSA plans are widely available and attractively priced, they may be hard to identify on Healthcare.gov, because there is no way to search for an HSA plan or to verify that a plan is HSA-Qualified while on the site.

“If the exchanges survive their slow start and grow as expected, HSAs will likely grow rapidly and be among the most affordable options in the Affordable Care Act,” added John Young, a consultant to HSA Consulting Services.

To download the white paper Health Savings Account Plan Availability On Federally-Run Affordable Care Act Exchanges, visit http://www.hsaconsultingservices.com/.

Learn more about Health Savings Accounts and Sterling Health Services.

HSA-­‐qualified
plans
are
widely
available,
attractively
priced,
but
may
be
hard
to
identify
on
Federally
run
ACA
Exchanges
according
to
new
research
report
by
HSA
Consulting
Services,
a
consulting
firm
focused
on
the
growth
of
Health
Savings
Accounts.
HSA
plans
and
tax-­‐advantaged
accounts
have
grown
rapidly
in
their
first
ten
years
of
existence
and
now
cover
more
than
fifteen
million
Americans.
Many
people
feared
that
the
Affordable
Care
Act
(ACA)
would
dampen
HSA
growth
or
even
eliminate
HSA
options,
especially
in
light
of
the
Massachusetts
experience,
where
HSAs
have
not
been
as
popular.
“Our
research
shows
that
HSAs
play
a
prominent
role
in
the
ACA
exchanges,
accounting
for
nearly
20%
of
total
offerings”,
said
Todd
Berkley,
President
of
HSA
Consulting
Services.
According
to
the
research,
HSA
plans
are
11%
less
expensive
than
non-­‐HSA
plans
offered
on
the
Federally-­‐run
ACA
exchanges.
“This
will
save
the
typical
family
over
$1,000
per
year
in
premium
costs
on
average
if
they
choose
an
HSA-­‐qualified
plan”,
said
Roy
Ramthun,
Founder
and
Advisor
to
HSA
Consulting
Services.
“In
some
states
the
savings
is
considerably
higher,”
Ramthun
added.
While
HSA
plans
are
widely
available
and
attractively
priced,
they
may
be
hard
to
identify
on
Healthcare.gov,
because
there
is
no
way
to
search
for
an
HSA
plan
or
to
verify
that
a
plan
is
HSA-­‐Qualified
while
on
the
site.
“If
the
exchanges
survive
their
slow
start
and
grow
as
expected,
HSAs
will
likely
grow
rapidly
and
be
among
the
most
affordable
options
in
the
Affordable
Care
Act”,
added
John
Young,
a
consultant
to
HSA
Consulting
Services.

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