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HD-HCPs Gaining Ground

7 Responses

1. Mary, on February 29, 2008 at 11:31 AM said:

   Hi all,

   Here is the link from the Center on Budget and Policy Priorities to an excellent article which argues against HSAs/MSAs.
   http://www.cbpp.org/6-12-06health.htm

   HEALTH SAVINGS ACCOUNTS UNLIKELY TO SIGNIFICANTLY REDUCE HEALTH CARE SPENDING
   By Edwin Park

   I don’t agree with it at all, having had an HSA for almost eight years now, but the difference in opinion is interesting. The time lag since publication in 2006 also provides some insight and clarity into a changing positive sentiment on the model.

   Please enjoy and comment with my compliments.
   Best.
   -Mary

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2. Anonymous, on March 12, 2008 at 7:58 PM said:

   One-Third of Employers Offer Consumer-Driven Option,

   Did you know that: “More than one-third of surveyed employers offered a consumer driven health plan option in 2007, according to a recent benefits survey from the International Foundation of Employee Benefit Plans.”

   (Wolters Kluwer Financial Services)

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3. Executive-Post, on March 19, 2008 at 6:35 PM said:

   New CD-HCP Report

   Did you know that according to a study by consulting firm Watson Wyatt and the National Business Group on Health [NBGH] , about half of large US employers, or 47 percent, now offer a CD-HCP, up from 39 percent last year?

   CD-HCPs pair a high-deductible health plan with personal health savings accounts that can be used to fund medical expenses not covered under the plan on a tax-free basis.

   About 15 percent of workers at employers that offer CDHPs are currently enrolled in such plans, up from 10 percent in 2007; while 54 percent of companies plan to offer a CDHP by 2009; according to the report.

   -Hope

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4. Executive-Post, on March 24, 2008 at 1:02 PM said:

   2007 HSA INDEXED AMOUNTS

   On November 9, 2006, the IRS issued Revenue Procedure 2006-53 which, among other things, provided the 2007 indexed amounts for the maximum contribution levels for Health Savings Accounts (HSAs), and the minimum deductibles and maximum out-of-pocket spending limits for high deductible Health Plans (HD-HCPs) that must be used in conjunction with HSAs.

   Detailed information about HSAs for 2007 and 2008 can be obtained from this link:
   http://www.ustreas.gov/offices/public-affairs/hsa/07IndexedAmounts.shtml

   -Ann

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5. Executive-Post, on June 3, 2008 at 11:49 AM said:

   Banks and CD-HCPs

   Did you know that banks are currently positioning themselves with the aim to become crucial players in the massive health care business in the US?

   With the market becoming more and more consumer driven, financial institutions are hoping to capitalize on what could become a large and constant new revenue stream. For example, currently 4.5 million Americans have signed up for tax advantage health care programs with the prediction of fifteen million by 2010 and a total of $75 billion of new money to be managed.

   Relative to MSA/HSAs, banks and financial institutions are on the cusp of getting involved in the payments and transactional settlement processes that exist in the Health Care industry. Current figures put the annual health care payment system at roughly $1.9 trillion – including billing, claims and processing. Banks and other financial intermediaries are aligning themselves to start creating products that address revenue cycle management challenges as well capture the burgeoning CD-HCP market.

   You comments are appreciated.
   Staff Reporters
   -Executive-Post

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6. Dr. David Edward Marcinko MBA, on February 13, 2011 at 1:57 AM said:

   Eleven Hospital Employers are Promoting HD-HCPs

   As health care costs continue to rise, employers and even hospitals are offering incentives to encourage workers to embrace high-deductible health insurance plans — a move some companies hope will bring significant savings by lowering premiums.

   For example, here in Georgia at the Atlanta Medical Center [the old Georgia Baptist Hospital], a local newspaper reported 51 percent of workers are now reportedly in a high-deductible health savings plan, versus 15 percent in 2010. The hospital is trying to transition its 1,100 employees who elect benefits into a high-deductible plan. So, it increased its contributions to employee health savings accounts by hundreds of extra dollars per account.

   With a HD-HCP, instead of paying an insurance company for care patients may or may not use, employees can sock away tax-free money to pay for future medical expenses. Such collaborative care, with patient economic skin in the game, is a growing trend to which I personally subscribe as both provider and patient.

   How about you?

   Dr. David Edward Marcinko MBA
   http://www.BusinessofMedicalPractice.com
   [Editor-in-Chief]

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7. Ann Miller RN MHA, on March 27, 2014 at 5:04 PM said:

   Percentage Under 65 Enrolled in a High-Deductible Health Plan (HDHP) Without a Health Savings Account (HSA), or in a Consumer-Directed Health Plan (CDHP), Among Those with Private Health Insurance Coverage

   CDHP (HDHP with HSA) HDHP no HSA Total

   2008 5.2% 14.1% 19.2%
   2009 6.6% 15.9% 22.5%
   2010 7.7% 17.6% 25.3%
   2011 9.2% 19.9% 29.0%
   2012 10.8% 20.3% 31.1%
   2013 (Jan.-Sept.) 11.7% 21.7% 33.4%

   Source: CDC/NCHS, National Health Interview Survey

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