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More Americans Using Health Savings Accounts

June 17, 2010
1 min to read


Approximately 10 million Americans now use Health Savings Account-eligible insurance plans, an increase of 25 percent from last year, according to a census released by America's Health Insurance Plans and reported by AOL Small Business. Just 1 million people used the plans in 2005.


The tax-deductible accounts have become popular among some small-business owners, because they allow them to provide health-care coverage they otherwise would not be able to afford.

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Health Savings Accounts were authorized in 2004. Since then, America's Health Insurance Plans has tracked the market by using data from virtually all private account insurers. The Washington, D.C.-based group represents almost 1,300 carriers, which insure about 200 million Americans.

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