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HSA Market Report

CDHP, HDHP Companies

HSAs ARE O.K. EVEN WHEN SPOUSE HAS OTHER PLAN
Individuals are eligible to sign up for an HSA-compatible high-deductible health plan and make HSA contributions even if their spouse has non-qualifying family coverage, provided the individual isn’t covered under the family plan, according to a ruling from the IRS. Individuals are permitted to make HSA contributions equal to the lesser of their plan’s annual deductible or $2650 single, $5250 family.

AMERICAN COMMUNITY HSA PLAN JUST ONE OF 3 OPTIONS
American Community Mutual Insurance (Livonia, MI), which rolled out an HSA plan in Iowa last month (HMN, March), is offering two other low-cost health plans in the state, the company announced.

LUMENOS TOUTS PLAN TO TRANSITION HRAs INTO HSAs
First there was the notion that employers might favor HRAs over HSAs because of the desire to have control over the healthcare dollar.

GUARDIAN, DESTINY OFFER HSA PLANS IN IL, VA, MD, DC
As expected (HMN, September 2004), Guardian Life Insurance Co. of America (New York) and Destiny Health (Oak Brook, IL) have expanded their joint consumer-directed health plan offering—which includes HSA and HRA options—into Virginia, Washington, DC, and Maryland.

GREAT LAKES ONLINE GUIDE LISTS 118 HSA BANKS
Great Lakes HSA (Cleveland), an HSA administrator and insurance broker, has enhanced its web site (www.greatlakeshsa.com) with a nationwide listing of 118 banks that offer HSAs in 37 states.

LACK OF HDHPs IS HOLDING BACK HSA GROWTH, WEST SAID
The main thing holding back HSA adoption is the lack of compatible high-deductible health plans, according to William West, president, First HSA Inc. (Reading, PA).


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