HSAs More Effective at Consumer Engagement Than HRAs
A new report from the non-partisan Employee Benefit Research Institute (EBRI) finds that people with HSAs are more likely to engage in cost-conscious behavior related to use of health care services than are those in HRAs.
Women, on average, don't have as much money in their health savings accounts than do men. This nugget is among the findings of an Employee Benefit Research Institute study. Other findings were more or less in line with expectations about those who choose HSAs to pay for their health care.
ACA Enrollees Opt for High-Deductible Plans on Healthcare Exchanges
Silver plans were the most popular option chosen by enrollees in the first round of the Affordable Care Act’s (ACA) healthcare exchanges, available to the public from October 2013 to March 2014. Bronze plans, with the highest deductibles, were the second-most popular selection on the exchanges.
The number of Americans who buy health coverage through the exchanges under the Affordable Care Act in the next open enrollment period will “far surpass” the eight million who enrolled in plans earlier this year, according to an analysis by a technology firm that helps consumers buy health insurance.
Nearly seven in 10 consumers who signed up for coverage on the exchanges under the Patient Protection and Affordable Care Act are paying $100 or less per month for health insurance thanks to the law’s subsidies, the Obama administration said June 18. According to a report released by the Department of Health and Human Services, on average, monthly premiums for people who selected plans with tax credits fell 76 percent after subsidies.