Health Savings Accounts Win Over Owners

Health savings account (HSA) owners are overwhelmingly satisfied with their accounts, and 91% believe such accounts should remain an option for Americans, according to a nationwide survey released by OptumHealth Inc. More than 80% of respondents cite their ability to save for future health-care expenses as the primary reason for opening and depositing money into their HSAs.

“HSAs have very strong support across a broad range of income levels and are helping people be better health-care consumers,” said Chad Wilkins, chief executive officer for OptumHealth Financial Services.

OptumHealth’s survey found:

• 82% of HSA owners are satisfied with their accounts.
• 78% believe the continued availability of HSAs should be part of any health-care
  reform that may occur.
• 74% agreed they would recommend an HSA to a friend or family member.
• 30% or respondents said that they wouldn’t have health insurance if it were not for
  their HSAs.
• 70% of HSA participants make $75,000 a year or less in income.

The study also showed that HSA owners are engaged in their financial and physical well-being. For example, 64% of the respondents said they inquired about generic options for medication and 47% indicated they asked their care providers about charges.

HSA owners also agree that people need to become more engaged in their health care. The survey found that 83% of respondents agreed people should research health-care options and try to get the best price – just like they do for other major consumer purchases. 72% of respondents said that individuals should be responsible for helping to manage their own health-care costs.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

IQ Financial Group, llc. is a licensed insurance agency in the state of Arizona.  We offer a complete selection of health insurance, term life insurance, disability insurance, long term care insurance and supplement plans to individuals, families, self-employed and small businesses throughout Arizona.  We offer the best in Arizona Health Insurance.
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