HSAs Could Have 'Breakout Year' in 2008, Consultants Say
August 21, 2007 - Kaiser Network - Daily Health Policy ReportEnrollment in high-deductible health plans linked with health savings accounts has continued to increase since they first became available in 2004, but 2008 "could be their breakout year," according to some health care consultants, the Washington Times reports. According to consultants, enrollment in high- deductible health plans linked with HSAs in 2008 is expected to increase by an estimated four million to a total of 10 million as more large companies begin to offer such plans to help reduce health care costs.
Tuesday, August 21, 2007
Tuesday, August 14, 2007
Health Savings Accounts: Second Quarter Growth Lower Than Fist...Still on Track to Reach 8 Million!
Despite Industry Stakeholder Concerns, Second Quarter HSA Growth Significant
August 14, 2007 - HSAFinder.com Second quarter account growth (16%) for Health Savings Accounts (HSAs) was lower than in the first quarter (22%) but still on target to reach 8 million by the end of the year, according to Information Strategies, Inc. (ISI). During the same period, deposits grew at a 26% rate versus the first quarter increase of 22%, to $7.8 billion, according to the parent of www.HSAfinder.com. The company has been tracking HSA insurance coverage and custodial accounts since their inception, utilizes reports from custodial institutions across the country, and is the most detailed in the industry.
August 14, 2007 - HSAFinder.com Second quarter account growth (16%) for Health Savings Accounts (HSAs) was lower than in the first quarter (22%) but still on target to reach 8 million by the end of the year, according to Information Strategies, Inc. (ISI). During the same period, deposits grew at a 26% rate versus the first quarter increase of 22%, to $7.8 billion, according to the parent of www.HSAfinder.com. The company has been tracking HSA insurance coverage and custodial accounts since their inception, utilizes reports from custodial institutions across the country, and is the most detailed in the industry.
Health Savings Accounts: Will Create 40 Billion in New Business Opportunities!
Consumer-Directed Healthcare Will Create $40 Billion in New Business Opportunities
August 14, 2007 - PRNewswire, ChicagoConsumer-directed healthcare plans don't have a reputation for being particularly consumer-friendly. In fact, the demand from consumers and employers for a better health/wealth experience -- from saving and paying for healthcare to making informed choices about treatment alternatives -- is creating $40 billion in new revenue opportunities for financial services firms and healthcare companies over the next five years, according to Diamond Management & Technology Consultants, Inc. ."Consumers and employers can expect a lot of innovation from healthcare companies and financial services firms," predicted Aamer Baig, partner and co- lead of Diamond's Financial Services Practice. "Those innovations might include powerful tools for families to manage their retirement and healthcare finances, quickly confirming insurance coverage before making a doctor's appointment, collecting information about treatment alternatives specific to each consumer's situation, and then paying for service from a special account before leaving the clinic."
August 14, 2007 - PRNewswire, ChicagoConsumer-directed healthcare plans don't have a reputation for being particularly consumer-friendly. In fact, the demand from consumers and employers for a better health/wealth experience -- from saving and paying for healthcare to making informed choices about treatment alternatives -- is creating $40 billion in new revenue opportunities for financial services firms and healthcare companies over the next five years, according to Diamond Management & Technology Consultants, Inc. ."Consumers and employers can expect a lot of innovation from healthcare companies and financial services firms," predicted Aamer Baig, partner and co- lead of Diamond's Financial Services Practice. "Those innovations might include powerful tools for families to manage their retirement and healthcare finances, quickly confirming insurance coverage before making a doctor's appointment, collecting information about treatment alternatives specific to each consumer's situation, and then paying for service from a special account before leaving the clinic."
Monday, August 13, 2007
Health Savings Accounts: New Drug Store Online with More than 3,000 HSA Eligible Products!
Exante Financial Services First Partner to Launch Co-Branded HSA Store
August 13, 2007 - PRNewswiredrugstore.com, inc. a leading online provider of pharmacy, health, beauty and vision products today announced the availability of a first of its kind online store designed for Health Savings Account (HSA) holders. An estimated 4.5 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses. The new drugstore.com HSA Store located at http://www.drugstore.com/hsa identifies more than 3,000 HSA-eligible products, automatically tracks purchases, provides an HSA-only receipt and offers additional resources to help users of consumer- driven health plans record expenses for tax purposes..
August 13, 2007 - PRNewswiredrugstore.com, inc. a leading online provider of pharmacy, health, beauty and vision products today announced the availability of a first of its kind online store designed for Health Savings Account (HSA) holders. An estimated 4.5 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses. The new drugstore.com HSA Store located at http://www.drugstore.com/hsa identifies more than 3,000 HSA-eligible products, automatically tracks purchases, provides an HSA-only receipt and offers additional resources to help users of consumer- driven health plans record expenses for tax purposes..
Tuesday, August 07, 2007
Health Savings Accounts: Communication to Employees Critical to Success!
Communication, Information Tools Critical to Success of Consumer-Directed Health Plans, Watson Wyatt and RAND Corporation Study Finds
August 7, 2007 - Watson WyattMost employers that offer a consumer-directed health plan say communicating with workers about these plans is their greatest challenge. Additionally, most employers are not pleased with the availability of information on provider cost and quality, according to a new study conducted jointly by Watson Wyatt Worldwide, a leading global consulting firm, and the RAND Corporation, a non-profit research organization.Nearly all of the respondents - 90 percent - cited employee communication as their greatest challenge in introducing the consumer-directed health plan (CDHP) and during the plan's first year. Employers, on average, began communicating information about the new plan to workers four months prior to open enrollment. The study was based on 42 large employers that offer a CDHP to their workers.
August 7, 2007 - Watson WyattMost employers that offer a consumer-directed health plan say communicating with workers about these plans is their greatest challenge. Additionally, most employers are not pleased with the availability of information on provider cost and quality, according to a new study conducted jointly by Watson Wyatt Worldwide, a leading global consulting firm, and the RAND Corporation, a non-profit research organization.Nearly all of the respondents - 90 percent - cited employee communication as their greatest challenge in introducing the consumer-directed health plan (CDHP) and during the plan's first year. Employers, on average, began communicating information about the new plan to workers four months prior to open enrollment. The study was based on 42 large employers that offer a CDHP to their workers.
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