September 27, 2007
More firms plan to offer HSAs
By Matthew L. Brown
A report from Illinois-based human resources firm Hewitt and Associates suggests that about half of all employers could soon offer Health Savings Accounts.
Hewitt said HSAs are becoming more popular as a way to control costs. More than 20 percent of companies offer or plan to offer a high-deductible health plan with a HSA by the end of this year, and more than half are considering offering HSAs at a later date.
Last year, Hewitt found that only 3 percent of employees elected to use HSAs. But most companies expect that number to reach 20 percent in five years.
Hewitt said HSAs are becoming more popular as a way to control costs. More than 20 percent of companies offer or plan to offer a high-deductible health plan with a HSA by the end of this year, and more than half are considering offering HSAs at a later date.
Last year, Hewitt found that only 3 percent of employees elected to use HSAs. But most companies expect that number to reach 20 percent in five years.
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