Ads
related to: is my plan hsa eligible for health insurance subsidy scam reviews consumer reports
Search results
Results From The WOW.Com Content Network
A health savings account, or HSA, is a tax-advantaged savings account for paying medical expenses that is available to consumers with high-deductible health insurance plans.
A follow-up survey by AHIP reported that the number of Americans covered by HSA-qualified plans had grown to 6.1 million as of January 2008 (4.6 million through employer-sponsored plans and 1.5 million covered by individually purchased HSA-qualified plans). HSA-qualified plans represented 27% of new purchases in the individual market, 31% of ...
By 2007, an estimated 3.8 million U.S. workers, about 5% of the covered workforce, were enrolled in consumer-driven plans. About 10% of firms offered such plans to their workers, according to a study by the Kaiser Family Foundation. [6] In 2010, 13% of consumers in employee-sponsored health insurance programs had consumer-driven health plans. [7]
Instead, it is an agreement under which the employee can submit qualified health expenses to the employer for reimbursement. [3] Following implementation of the Affordable Care Act, HRAs must be integrated with a qualified employer-sponsored group health insurance plan to avoid excise tax penalties. [4]
As part of my participation in the personal finance bloggers weight loss challenge I decided to investigate what weight loss expenses I could pay for with my Health Savings Account (HSA).
HSAs were created in 2003 to help Americans manage and reduce the rising costs of healthcare.