Census Finds More Americans Have HSA Coverage

May 31, 2012 (PLANSPONSOR.com) - The number of Americans covered by Health Savings Account (HSA)-eligible insurance plans rose this year, continuing a steady upward trend in enrollment over the last five years.

Thirteen and one-half million Americans are covered by HSA-eligible insurance plans today — an increase of 18% since last year. Enrollment has tripled over the last five years, from 4.5 million enrollees in January 2007 to 13.5 million enrollees in January 2012, according to a census by America’s Health Insurance Plans (AHIP).

Most Americans – eight million people – are covered by HSA-eligible plans in the large-group market. Approximately three million people were enrolled in HSA-eligible plans in the small-group market and 2.5 million people are enrolled in individual market HSA-eligible plans.

Large group coverage was the fastest growing market between January 2011 and January 2012, rising 26%. Small-group coverage was the second-fastest growing market at 9%.

California was the state with the highest level of HSA enrollment with 1,001,942 enrollees, followed by Texas (755,432 enrollees), Illinois (717,384 enrollees), Ohio (662,999 enrollees) and Florida (539,778 enrollees).

Visit http://www.ahip.org/HSA2012/ for the full report.