United Benefit Advisors Insight and Analysis Blog

Government and Education Employers Offer Richest HSA Plans

Posted by: Bill Olson    Jul 27, 2017 9:30:00 AM

Across most industries, HSA contributions are, for the most part, down or unchanged from three years ago, according to UBA’s Health Plan Survey. The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years ago). Government and education employers are the only industries with average single contributions well above average and on the rise.

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Topics: health savings accounts, UBA Health Plan Survey, HSAs, employer-sponsored health insurance, health care benchmarking

Small Employers Lead the Way in Funding HSAs

Posted by: Bill Olson    Jun 15, 2017 9:30:00 AM

The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years ago). There was a 26 percent increase in the number of individuals enrolled in HSAs, likely due to the increase in CDHP enrollment (which often have HSAs tied to them). Since 2013, there has been a 97.7 percent increase in enrollment, showing significant employer and employee interest in these plans over time.

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Topics: health plan benchmarking, employee benefits, health savings accounts, UBA Health Plan Survey, HSAs

2018 Amounts for HSAs; Retroactive Medicare Coverage Effect on Contributions

Posted by: Danielle Capilla    Jun 8, 2017 9:30:00 AM

IRS Releases 2018 Amounts for HSAs

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Topics: HDHPs, health savings accounts, UBA Health Plan Survey, HSAs, Medicare coverage

HSAs and Employer Responsibilities

Posted by: Vicki Randall    May 25, 2017 9:30:00 AM

It’s no secret that one of the primary agenda items of the new Republican administration is to repeal the Patient Protection and Affordable Care Act (ACA) and to sign into law a plan that they feel will be more effective in managing health care costs. Their initial attempt at a new plan, called the American Health Care Act (AHCA), included an increased focus on leveraging health savings accounts (HSAs) to accomplish this goal. As the plan gets debated and modified in Congress, we do not know whether the role of HSAs will be expanded or not, but they will continue to be a part of the landscape in some shape or form.

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Topics: health savings accounts, High Deductible Health Plans, HSA funding, HSAs, benefit plan design

HSAs vs. HRAs: Things Employers Should Consider

Posted by: Bob Bentley    May 12, 2017 4:00:52 PM

With health care costs and insurance premiums continuing to rise, employers are looking for ways to reduce their insurance expenses. That usually means increasing medical plan deductibles. According to the latest UBA Health Plan Survey, the average in-network single medical plan deductible increased from $2,031 in 2015 to $2,127 in 2016. But shifting costs to employees can be detrimental to an employer’s efforts to attract and retain top talent. Employers are looking for solutions that reduce their costs while minimizing the impact on employees.

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Topics: health reimbursement arrangements, health savings accounts, HRA, HSA, UBA Health Plan Survey, health care benchmarking

UBA Survey Reveals Industry Differences in Health Savings Accounts

Posted by: Bill Olson    Mar 11, 2016 12:00:00 PM

We recently took a look nationwide at the best and worst health savings accounts (HSAs) for singles and families. When you slice the UBA survey data by industry, some big differences emerge there as well.

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Topics: health care costs, health reimbursement arrangements, health savings accounts, HRA, HSA, account-based plans

Region Matters When It Comes to HSA Funding, CDHP Adoption

Posted by: Bill Olson    Apr 30, 2015 12:00:00 PM

Region Matters When It Comes to HSA Funding, CDHP AdoptionWe’ve already discussed Health Savings Account (HSA) activity at length, looking first at the correlation between generous HSA contributions and increased enrollment in consumer-driven health plans (CDHPs). Second, we looked at how HSAs have performed in recent years across different industries. Now, we’ll look closer at HSA activity across different regions of the country, based on the results of the 2014 UBA Health Plan Survey.

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Topics: health plan benchmarking, CDHPs, health savings accounts, HSA, consumer-driven health plan, HSA funding, Kaminsky & Associates, LHD Benefit Advisors, UBA Health Plan Survey, Mark Sherman, Brian M. Goff, Andrea Kinkade

Industry Differences Among Health Savings Accounts

Posted by: Bill Olson    Apr 16, 2015 12:00:00 PM

While recent survey data shows that, on average, employers are decreasing the amount they’re willing to contribute to employee Health Savings Accounts (HSAs), there are some industries that have not seen such trends.

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Topics: health savings accounts, HSA, consumer-driven health plan, 2014 Health Plan Survey, HSA funding

Why HSAs Linked to HDHPs are Making a Comeback

Posted by: UBA Admin    Jul 21, 2014 11:04:00 AM

By Elizabeth Kay
Compliance and Retention Analyst for AEIS, UBA Partner Firm in San Mateo, CA

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Topics: health insurance exchanges, private insurance exchange, health marketplace, employee wellness, PPACA, retirement, small group employers, FSA, concierge medicine, flexible spending account, benefit communication, benefit consultants, benefit management, compliance with health care reform, employee health, group health insurance, healthcare consumerism, health plan compliance, health reimbursement account, insurance solutions, medical plan, self funded health plans, Group health plans, small business, health reimbursement arrangements, health savings accounts, HRA, HSA