Who funds their health savings account and why?

Song Chen (), Anthony Lo Sasso () and Aneesh Nandam ()
Authors registered in the RePEc Author Service: Anthony Lo Sasso

International Journal of Health Economics and Management, 2013, vol. 13, issue 3, 219-232

Abstract: Health savings account (HSA) enrollment has increased markedly in the last several years, but little is known about the factors affecting account funding decisions. We use a unique data set containing from a bank that exclusively services HSA funds linked to health status, benefit design, plan coverage, and enrollee characteristics from a very large national health insurance company to examine the factors associated with HSA contribution. We found that even small employer contributions had an apparently large effect on the decision to open an account: the account-opening rate was 50 % higher when employers contributed to the account. Conditional on opening an HSA, employee contributions were negatively associated with the amount of employer contribution, contributions rose with age, income, education, and health care need. Copyright Springer Science+Business Media New York 2013

Keywords: High deductible health insurance; Consumer driven health insurance; Health insurance benefit design (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:ijhcfe:v:13:y:2013:i:3:p:219-232

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DOI: 10.1007/s10754-013-9131-8

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International Journal of Health Economics and Management is currently edited by Leemore Dafny, Robert Town, Mark Pauly, David Dranove and Pedro Pita Barros

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