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Article: Brokers critical to the spread of HSAs.(Employee Benefits)(health savings accounts)
- Article from:
- National Underwriter Life & Health
- Article date:
- January 10, 2005
- Author:
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Copyright informationCOPYRIGHT 2005 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BENEFITS BROKERS SHOULD BE IN a great position to capitalize on the shift toward health savings accounts and HSA-compatible high-deductible health plans.
The HDHP/HSA market is experiencing a remarkable wave of growth.
The authors of a 2004 study by Mercer Human Resource Consulting L.L.C. found that more than 70% of the employers surveyed said they might set up HDHP/HSA programs by 2006.
Because most employers buy their health coverage through brokers or consultants, chances are these representatives will be involved with establishing most of the new HDHP/HSA programs.
Brokers who want to profit from the rise of the HDHP/HSA programs should understand the ...