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The H.S.A has become even a tough sell in the over 50 market. The HSA plans with 100% co insurance do not have have any real savings vs a co pay plan. 3%-4% is not enough.
Anyone else seeing this?
Anyone else seeing this?
51+ HSA Plans Vs Co Pay
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At this point I am seeing really no benefit going HSA in mid market 50-99.
If the employer is not funding the HSA account you might have a 12% difference in premium. If you add in the contribution levels there is a small difference is savings.
The claims are coming out to be all the same. The difference is at the beginning of the year the hsa is very low but towards the end they blow up.
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Its crazy that just 2 years ago the Industry was claiming the HSA was the silver bullet to health care costs. Now they are back tracking because claims are not really being reduced.
It's a mess when you have clients that have gone with this strategy to lower the rate increase only to learn now that they are going to give you double digit rate increase regardless.
It's a mess when you have clients that have gone with this strategy to lower the rate increase only to learn now that they are going to give you double digit rate increase regardless.
- 14,808
Must be market specific. In MD running a quote for a 55 year old male with UHC:
Copay Select $2,500 Ded + $3,000 80/20 = $287
HSA 100 $3,500 = $232
$55 per month savings (about 20% savings) plus they're saving $2,500 on the OOP + the tax benefits.
Copay Select $2,500 Ded + $3,000 80/20 = $287
HSA 100 $3,500 = $232
$55 per month savings (about 20% savings) plus they're saving $2,500 on the OOP + the tax benefits.
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ABC was referring to the group market I believe, not ind products. Easy to over look 
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51+ lives on a group plan.
NYinsurance417
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What state are you quoting in?
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