Health Savings Account Blog

By comparison, just under 35 percent of the respondent households with a Health Savings Account (HSA) are under 40 years old. Overall, 4.4 percent of the entire survey household sample of 35,000 said they had a group HSA, but the numbers are expected to continue moving upward as HSAs are increasingly offered on a broader scale through corporate group plans.

Overall, enrollment in Health Savings Accounts is also growing, but at a measured pace.

The Insurance Audit survey, which is administered by Integras, Claritas' advanced analytical services division, is designed to generate a national representative sample of United States households' insurance behavior. Data includes the following insurance categories: automobile, residential, life, health and insurance attitudes.

"HSAs provide consumers an excellent way to save on overall medical expenses, as well as future medical expenses," said Integras Consultant Noel Schoonover. "The ability of baby boomers to begin saving now for their health expenses during retirement will also save Medicare money in the future and help ensure Medicare's future financial vitality," he added.

Other notable findings included:

- Nearly 40 percent of households with an HSA are concerned about their long term care needs compared to 32.1 percent of the total households surveyed.

- Nearly 45 percent of households with HSAs are concerned about earning an income if they become disabled compared to 33.1 percent of all households surveyed.

- Over 50 percent of households with an HSA are concerned about outliving their retirement savings compared to 44.2 percent of the total households surveyed.

Obviously, people with a Health Savings Account are concerned about their health and wealth. At HSA for America, we realize getting more individuals and families to be proactive about their health care will benefit their health, their wealth, and the overall health care system. Spread the word about Health Savings Accounts!