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HSA Market Report

CDHP, HDHP Companies

HSA BANK HAS $544 MILLION IN ACCOUNT BALANCES
HSA Bank had $544 million in HSA deposits and linked brokerage accounts as of March 31, according to parent company Webster Financial Corp. (Waterbury, CT).

GAO SAYS HSAs FAVORED BY WEALTHY
The worst fears of critics of HSAs may be true, according a new study released by the U.S. General Accounting Office.

HDHP MEMBERSHIP TOPS 6.1 MILLION, UP 35%
Enrollment in HSA-compatible high-deductible health plans was 6.118 million as of January 2008, up 35% compared to January 2007, according to America’s Health Insurance Plans (Washington).

HSA SUBSTANTIATION BILL FACES VETO
President Bush would likely veto legislation requiring banks to substantiate whether payments and withdrawals made from HSAs are for healthcare expenses.

GA LAW GIVES HSA PLANS TAX BREAKS
Georgia is providing under a new law various tax breaks and credits to consumers, health plans and employers to promote the sale and adoption of HSA-compatible high-deductible health plans.


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