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January 23, 2009
California Sees Health Savings Account Growth
The deepening recession is doing something for Health Savings Accounts (HSAs)and other high-deductible health plans in California that a decade of hype could not: It’s making employers sign up.
Kaiser Permanente, for instance, expects to reach 1 million members in its deductible plan offerings by mid-year, according to Dr. Artie Southam, Kaiser’s executive vice president of health plan operations. That would represent 12 percent of total enrollment for an organization that for decades had been wedded to the traditional HMO model.
In Northern California, the Health Savings Account growth spurt will likely translate into between 400,000 and half a million high deductible health plan enrollees, Southam told the San Francisco Business Times, or roughly 40 percent of Kaiser’s national deductible plan total.
Between 15 percent and 20 percent of Kaiser’s deductible plan enrollees are enrolled in HSA-qualified, high-deductible plans, he said.
Posted by Wiley Long at January 23, 2009 12:38 PM
Comments
that's good news! health care is one of the most important yet neglected, and i'm glad that california is experiencing improvement in that department.
Posted by: Imee at January 27, 2009 05:02 AM