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April 2007
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HSA Market News, April 2007; Volume 4, Number 4
United hit by CDHP costs…MCOs have 5.3 MM CDHP lives…8 MN plans top 243,000 lives…Chart: HSA, HRA lives, 21 plans…WellPoint CDHP lives top 1 MM…WellPoint expands Tonik…Metavante has 3 MM cards…Scott says “empower consumers”…and more…
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UNITED HIT BY HDHP MEDICAL COSTS
UnitedHealth Group (Minnetonka, MN) learned a hard lesson about medical costs associated with high deductible health plans—namely, that costs soar in December when members rush to have treatments and procedures before the deductible resets for the next year.
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8 MN PLANS HAVE 243,205 HRA, HSA LIVES
Minnesota’s eight not-for-profit health plans had a total of 243,205 members in HSA and HRA plans in 2005, up 50% from 2005, according to the Minnesota Council of Health Plans (St. Paul, MN).
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WELLPOINT EXPANDS TONIK INTO CT, NH
WellPoint (Indianapolis) is expanding its Tonik high-deductible health plan, which targets young and uninsured individuals, to Connecticut and New Hampshire.
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METAVANTE CLAIMS NEARLY 3 MM HSA, FSA CARDS
Metavante Corp. (Milwaukee) said it has nearly 3 million debit cards in the market for HSAs and FSAs, compared to 1.5 million in 2005, which the company says makes it the most widely used benefits card in the nation.
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