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HSA Market Report

CDHP, HDHP Companies

BROKERS WANT HSA SET-UP STREAMLINED, SURVEY SAYS
Brokers want a streamlined set-up process for HSA-compatible high-deductible health plans, clear educational materials, broker support, tiered incentives, higher referral fees from HSA administrators, and better Internet technology, according to a survey by California Broker Magazine, published by McGee Publishers (Burbank, CA).

EMPLOYEE PARTICIPATION IN HRAs IS BELOW 10%, HAY SAYS
Typical employee participation in HRAs and high-deductible health plans is less than 10%, according to Hay Group (Philadelphia), a human resources consulting firm.

8% OF EMPLOYERS OFFER HSAs, STUDY SAYS
About 8% of employers are offering HSA plans as a health coverage option, with another 18% planning to offer HSAs in 2006, according to a study from Washington-based benefit consultant Watson Wyatt and the National Business Group on Health.

FUTURE FAVORS HSAs OVER HRAs, AON OFFICIAL SAYS
What’s the future growth potential of HSAs versus HRAs? According to a survey prepared by Aon Consulting (Chicago) and conducted by the International Society of Certified Employee Benefit Specialists (Brookfield, WI), 49% of employers planning to offer a consumer-driven health plan in the near future will choose an HSA plan.

CHOICE ADMINISTRATORS PICKS MELLON AS HSA TRUSTEE
Choice Administrators (Orange, CA), a unit of benefit administrator Word & Brown, has chosen Mellon Financial Corp. to act as trustee for HSA plans administered by the company through its CaliforniaChoice program.

HEALTHEQUITY EXPANDS MANAGEMENT TEAM
HeathEquity (Salt Lake City), an HSA administrator, has named Aaron Ashby director of client operations.

AMERICAN COMMUNITY MUTUAL LAUNCHES HSA IN ILLINOIS
American Community Mutual Insurance (Livonia, MI) introduced an HSA-compatible high-deductible health plan in Illinois for individuals and families.

FIRST HORIZON BUYS MSAVER
First Horizon National Corp. (Memphis, TN) has announced the acquisition HSA administrator MSAver Resources LLC as a springboard into the individual and small group health savings account business.


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