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Myths of HSAs. HSAs are only for the healthy. No significant difference exists between having an HDHP or a non-HDHP and reporting average to excellent health (96.2% v. 92.2%) Source: Consumer Benchmark Survey, 4/08 (Appendix A)

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hsas are only for the healthy
HSAs are only for the healthy
  • No significant difference exists between having an HDHP or a non-HDHP and reporting average to excellent health (96.2% v. 92.2%)

Source: Consumer Benchmark Survey, 4/08 (Appendix A)

  • 11% of HSA-eligible enrollees reported having a health status of poor or fair, compared to 12% of non-HSA account holders

Source: CDHPs: Consumer Perspectives, 9/07 (Appendix B)

hsas are only for the wealthy
HSAs are only for the wealthy
  • 66.3% of respondents had an annual household income of less than $85,000

Source: Consumer Benchmark Survey, 4/08 (Appendix A)

  • 42% of HSA holders have incomes of less than $50,000

Source: U.S. Department of Treasury: Dramatic Growth of HSAs (Appendix C)

hsas are only for the young
HSAs are only for the young
  • HSA Bank’s average accountholder age is 44
  • 50.2% of respondents were 45 years-old or older

Source: Consumer Benchmark Survey, 4/08 (Appendix A)

  • 46% of HSA accountholders are 40 years old or older within the individual market

Source: January 2008 Census, AHIP, 4/08 (Appendix D)

people with hsas are less likely to receive timely medical care
People with HSAs are less likely toreceive timely medical care
  • No significant difference exists between respondents with an HDHP and those with a non-HDHP when deciding against a treatment due to cost
  • No significant difference exists between respondents with an HDHP and those with a non-HDHP when deciding to delay a treatment due to cost

Source: Consumer Benchmark Survey, 4/08 (Appendix A)

people with hsas are less likely to receive timely medical care6
People with HSAs are less likely toreceive timely medical care
  • People with HSAs are 30% more likely to get an annual exam compared to people with traditional plans
  • People with HSAs are 20% more likely to follow a treatment regimen than people with traditional plans
  • People with HSAs are 25% more likely to engage in healthy behaviors than people with traditional plans

Source: Consumer-Directed Health Plan Report – Early Evidence is

Promising, 6/05 (Appendix E)

people with hsas are less likely to receive timely medical care7
People with HSAs are less likely toreceive timely medical care
  • HSA eligible enrollees and non-CDHP members decided not to go to the doctor at the same rate (18%)
  • HSA eligible enrollees and non-CDHP members delayed going to the doctor or having a procedure at the same rate (17%)
  • HSA eligible enrollees and non-CDHP members delayed filling or did not fill a prescription at the same rate (15%)

Source: CDHPs: Consumer Perspectives, 9/07 (Appendix B)

hsas do nothing but shift costs from employers to employees
HSAs do nothing but shift costs from employers to employees
  • The average cost per employee with HSA-based CDHPs is 14.5% lower than the average cost per employee with a PPO that has a deductible of $1000 or more
  • For large employers, the average cost per employee with an HSA is 26.2% lower than the average cost per employee with a PPO

Source: Mercer National Survey of Employer-Sponsored Health Plans,

11/07 (Appendix F)

cdhps are not gaining traction with employers
CDHPs are not gaining traction with employers
  • 47% of large employers offered a CDHP in 2008

Source: Business Insurance, May 26, 2008 (Appendix G)

  • 72% of employers with 10 or more employees indicated they are very likely to offer a CDHP in 2008

Source: Mercer National Survey of Employer-Sponsored Health Plans, 11/07 (Appendix F)

  • The employer’s average cost per employee for a CDHP is lower than the average cost per employee in an HMO (by 16.2%), PPO (by 18.8%), and POS (by 22.6%)

Source: Mercer National Survey of Employer-Sponsored Health Plans, 11/07 (Appendix F)

employees are very unhappy with cdhps
Employees are very unhappy with CDHPs
  • CDHPs have a satisfaction rating of 85% as compared to 92% for other plans

Source: Business Insurance, May 26, 2008 (Appendix G)

  • Of the 537 respondents that have an HDHP, 72.6% chose that plan over a traditional plan

Source: Consumer Benchmark Survey, 4/08 (Appendix A)

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