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HSA Market Report

Managed Care Companies

UNITEDHEALTH SAYS HSA PROJECTIONS MAY BE LOW
In August, UnitedHealth Group (Minnetonka, MN) said it would have more than 150,000 members in HSA-compatible high-deductible health plans by Jan. 1, 2005.

AETNA HEALTHFUND TO HAVE 300,000+ LIVES IN 2004
Aetna Inc. (Hartford, CT) expects its HealthFund consumer-directed health plan to have 300,000 to 350,000 members before the end of 2004, according to Charles Peck, president, northeast region.

AETNA EXPANDS HSA OFFERINGS
Aetna Inc. (Hartford, CT) is now offering HSA-compatible high-deductible health plans in Arizona, Delaware, Pennsylvania, Virginia and Washington, DC.

MCOs ROLL OUT HSA-COMPATIBLE HDHPs
Virtually every major managed care organization has launched, announced or is developing HSA-compatible high-deductible health plans, according to an HMN tally of 30 top companies.

AR OFFERS HSAs; FEW TAKERS
The state of Arkansas saw just 129 out of 56,000 public school employees sign up for an HSA-compatible health plan, which was offered as one of several health insurance options during this year’s open enrollment period, according to Ashli Davis, communications director for the state’s Employee Benefits Division.

SERVICE, NETWORKS KEY TO HSA BATTLE, BOXER SAYS
Who’s best positioned to win the inevitable Wild West shoot-out to attract HSA membership? According to Mark Boxer of Anthem Inc. (Indianapolis), the winner will have the best networks and deepest provider discounts, a strong financial partner to act as HSA trustee, and easy-to-use customer service and transactional capabilities.

MCA, NORTHWEST SAVINGS TO OFFER JOINT HSA PRODUCT
Managed Care of America (Pittsburgh) said it will team up with Northwest Savings Bank in the joint development, marketing and administration of a health savings account product available to corporate customers as early as fall of this year.

HDHP LAUNCHES: BCBS-OK; AMERICAN COMMUNITY
Blue Cross Blue Shield of Oklahoma (Tulsa, OK) has launched an HSA-compatible high-deductible health plan called HSA Blue for groups and another called Health Check HSA for individuals.

BLUE SHIELD-CA TAPS WELLS FARGO, EXPANDS HSA LINE
Blue Shield of California (San Francisco) has selected Wells Fargo as the trustee and administrator for health savings accounts tied to the company’s high-deductible health plans.


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