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THEN (2004)…
• 438,000
-- Individuals were
covered in November 2004 by HSA-type insurance
plans -- according to the America Health Insurance Providers
(AHIP).
• 113,000 (roughly 240,000 individuals) --
IRS data on individual tax returns
reporting HSA deductions in tax year 20041.
NOW…
- 3.2 million --
Seven fold increase to individuals covered by HSA type
insurance plans (November 2004 to December 2005) -- according
to AHIP.
- 31% -- Previously uninsured individuals
buying health insurance on their
own.
- 33% -- Small businesses not previously offering coverage.
- Nearly 50% -- Age 40 or over.
- $1 billion -- Dollars invested
in HSAs by Americans, according to data gathered
by Inside Consumer-Directed Care (ICDC) newsletter Feb.
24 issue -- based on
financial data provided by more than 60 financial firms
including JPMorgan
Chase, Wells Fargo and The Principal Financial Group.
- 42% -- Number of
Individuals or families with incomes below $50,000
buying HSA type insurance on their own, according
to “Health
Savings Accounts: The
First Six Months of 2005” report by eHealthInsurance.
THE FUTURE…
- 14 million by 2010 --
Treasury Department projection of HSA policies
(covering 25 to 30 million people) -- based on current
law.
- 21 million by 2010 -- Treasury
Department HSA policies estimates rise by 50
percent (covering 40 to 45 million people) -- based on
the President’s
health care
initiative
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