Insurance plans that include health savings accounts (HSA) continue to rise in popularity, the trade group for health insurers reported Wednesday.
The number of people enrolled in HSA-eligible plans hit almost 17.4 million early this year, a nearly 12 percent increase since 2013, according to America’s Health Insurance Plans (AHIP).
AHIP conducts a regular census to measure the adoption of HSA-eligible plans, a medical coverage model that Congress first authorized in 2004.
The option provides consumers with a tax-advantaged medical savings account to cover healthcare expenses, usually alongside a high-deductible insurance plan.
Republicans strongly support HSAs, arguing the model is market-friendly and encourages consumers to consider their medical expenses more closely.
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