Health Savings Accounts, not just for the rich

Here’s an interesting post further disproving the notion that Health Savings Accounts are only for the rich.

UnitedHealthcare analyzed more than 200,000 of its 1.4 million members enrolled in an HSA-eligible health plan during the full year 2006 - the latest period for which full year data were available - and found that customers with Health Savings Accounts (HSA) are depositing money into the accounts and accumulating balances, regardless of their income level, age or employer size.

Here are some of the findings:

• 74% work for small employers (<99 employees)
• 64% earn less than $25,000 per year
• 60% are singles, families and younger couples - consistent adoption across age, gender and life status
• 88% had account balances greater than zero at the end of 2006 ($900 avg.)
• 68% contributed their own money to HSAs

• The SBA wants you to have an HSA
• McCain’s Plan
• HSA Fees
• New President not the end of HSAs
• Health Savings Accounts growing