Increase in the Use of Health Savings Accounts

The New York Tmes reports here an increase in the use of HSAs:

But this year, at more than 100 large companies and hundreds of smaller ones, the high-deductible plans are the employee’s single take-it-or-leave-it option.

One of those companies is the automaker Nissan, which is offering only high-deductible plans to its 15,000 United States employees for the coming year. Another is Delta Airlines.

Most large companies still do offer a choice between high-deductible plans and more conventional insurance, which means workers must try to decide which approach is best for them.

Regarding whether HSAs will survive the next administration, the article states that “the plans may not have a White House advocate.” The article quotes an advisor to the President-elect as saying that “medical benefits that shift costs to employees” would not be consistent with the upcoming President’s position on health care.

Update: The Tax Update Blog has a response to the comments quoted in the article. (Great benefits quote, by the way: “Benefits don’t grow on magical benefits trees grown in HR Departments.”)

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