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April 2006
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HSA Market News April 2006; Volume 3, Number 4
23 top banks have 743,000 HSAs...29% of employers offer CDHPs...Aetna has 614,000 CDHP lives...Cigna expands HRAs...GHI taps ASI for CDHP...Aetna offers online claims...OH moves to HSAs...Chart: Top HSA banks...and more...
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23 LEADING BANKS HAVE 742,527 HSAs
Twenty-three leading banks had 742,527 health savings accounts with an estimated $811 million in total deposits as of March 31, 2006, according to a tally by HMN.
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29% OF EMPLOYERS OFFER CDHPs
Twenty- nine percent of employers now offer HSAs or HRAs and another 33% plan to do so in 2007, according to a survey of 585 mid-sized and large companies conducted by Watson Wyatt Worldwide and the National Business Group on Health. Last year, 13% of employers offered these types of plans and only 7% did in 2004.
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AETNA HAS 614,000 CDHP LIVES
Aetna Inc. (Harford, CT) reported that it had 614,000 consumer-directed healthcare lives in its HealthFund family of HRA and HSA-compatible high deductible health plans as of March 31, 2006, up 36% from year-end 2005.
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CIGNA EXPANDS HRA AVAILABILITY TO SMALLER GROUPS
Cigna says it’s expanding the availability of its Cigna Choice Fund HRA plans to businesses with 51-200 employees in Arizona, Colorado, Texas, Connecticut, Maine, New Hampshire, Vermont, New York, New Jersey, North Carolina, South Carolina, Tennessee and Florida.
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AETNA TO ALLOW ONLINE ACCESS TO CLAIMS INFO
Aetna says its members now can download their claims information to their personal computer via Aetna Navigator, Aetna's password-protected member Web site, enabling them to manage the information in a data file or spreadsheet.
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OHIO MOVES TOWARD HSAs
The Ohio State Medical Association endorsed HSAs before the Ohio House Ways and Means Committee on March 23 in support of a bill that would require the state to offer such accounts as an option to employees.
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