By: Connor Strong and Buckelew

March 8, 2017

According to a new report from the America’s Health Insurance Plans (AHIP), enrollment in health savings account (HSA) plans topped 20 million last year. Over the last decade, enrollment in HSA-compatible high-deductible health plans (HDHP) has grown from 3.2 million in 2006 to a whopping 20.2 million in 2016. Large group plans (firms with more than 50 employees) accounted for more than 75% of HSA/HDHP enrollment.

Account based plans; those with health savings accounts or health reimbursement plans continue to gain traction in the group benefits space. Empirical evidence and data suggests that the annual trend rate for such plans tracks less than traditional style plans. Plus, with the advent of technological tools that allow consumers to compare cost and quality in healthcare, it is likely that these account based plans will continue to grow. 

Click here to get a copy of the full report.