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HSA Market Report

CDHP, HDHP Companies

UMB HAS $50 MILLION IN HSA DEPOSITS
UMB Healthcare Services (Kansas City, MO), a division of UMB Financial Services, reported that it had more than $50 million in HSA assets.

MSAVER LAUNCHES WEB SITE FOR BENEFIT CONSULTANTS
First Horizon Msaver Inc. (Overland Park, KS) has launched a web site for benefit consultants, insurance agents and third-party administrators looking for information on HSAs.

CANTOR INTRODUCES TAX-FREE HSA ACT
Rep. Eric Cantor (R-VA) has introduced another bill that would increase HSA contribution limits, make premiums for HSA plans tax deductible, and allow the HSA holders to also have FSAs and HRAs.

HSA BANK TO ADMINISTER HSAs FOR CHAMBER INSURANCE
HSA Bank (Waterbury, CT) said it will administer HSAs for members of the Chamber Insurance Trust in Connecticut.

EMPLOYERS STILL LACK PRICING DATA, STUDY SAYS
Employers that are best at controlling healthcare costs tend to provide Internet tools that help employees to model healthcare options; however, most of these employers still don’t offer the type of information on provider quality and pricing that can help employees make cost-effective healthcare choices, according to research from Watson Wyatt and the National Business Group on Health, both based in Washington.

FIDELITY OFFERS COST, RETIREMENT TOOLS
Fidelity Investments (Boston), which launched an HSA product in December, will offer account holders and employers an integrated online portal that allows members to obtain healthcare cost information and retirement planning tools.

’05 HSA PLAN PREMIUMS FALL 17%
Healthcare premiums overall may continue to be rising, but individual rates for HSA-compatible high deductible health plans are falling, according to data from online broker eHealthInsurance.


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