HSA Basics

Health Savings Accounts (HSAs) were first established in 2003 to provide Americans with an alternative to traditional healthcare coverage. Since then, more than 6.1 million people have enrolled in HSA-qualified health plans and it's not simply a passing trend: the U.S. Treasury Department estimates that 25 to 30 million Americans will use HSAs by 2010.

The concept underlying HSAs is consumer-driven health care. As its name suggests, consumer-driven health care programs place greater control and responsibility in the hands of the consumers. In exchange, consumers are given financial incentives to consciously and responsibly manage their medical expenditures. Proponents of the concept believe that once consumers become active partners in the process, the healthcare industry will function like any other market-driven system. And consequently, it will enjoy the same benefits of a market-driven system; namely, competitive pricing, improved delivery of service, and continued innovation.

Please use the links below to learn more about Health Savings Accounts

The HSA Solution

HSA, FSA, HRA

The HSA Advantage

Eligibility

Frequently Asked Questions about HSAs

Please see below for a fun and interactive look into Health Savings Accounts

Interactive HSA Presentation