Growth of health savings accounts
2004:
438,000 – Number of individuals covered by HSA type insurance plans
113,000 – Number of tax returns - covering roughly 240,000 individuals - that reported HSA tax deductions for tax year 2004 (1)
2005:
3.2 million – Number of individuals covered by HSA type insurance plans, a sevenfold increase between November 2004 and December 2005
31% – Percentage of previously uninsured individuals who bought health insurance on their own
33% – Percentage of small businesses not previously offering coverage
$1 billion – Amount invested in HSAs by Americans
42% – Percentage of individuals or families with incomes below $50,000 buying HSA type insurance on their own
By 2010:
14 million – Number of HSA policies predicted by Treasury Department to be in force under current law, covering some 25 to 30 million people
50 % – Percentage increase in HSA type policies in that same period under a proposed new health care initiative, as predicted by the Treasury Department
(1) Individual tax returns do not reflect employer-financed HSA contributions.
Source: America Health Insurance Providers
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