A recent research project (1), with more than 14,000 responses, found Health Savings Accounts are "helping employees make better decisions about their own health care."
Some of the findings include:
+ 56% of individuals found "their HSA qualified plan provides an affordable health care option".
+ 75% of individuals indicated "the ability to personally control their own health is an extremely or very important benefit of HSAs".
+ Individuals are doing things such as " engaging in healthier lifestyle choices - researching preventive care programs - shopping for lower priced prescription drugs - plan health care better throughout the year".
+ 82% of individuals reported "the ability to save tax-free money was extremely or very important in selecting an HSA."
+ 79% indicated "having an HSA is valuable to them."
Employers report HSA plans cost less than standard PPO plans:
+ 77% of them believe "their High Deductible Health Plan with a HSA are key in controlling health care costs."
+ 69% contributed "an average of $1,000 for individual coverage".
(1) The survey, created this fall by two Xerox companies, was commissioned by ACS and conducted by Buck Consultants.