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Enrollment in HDHPs (high-deductible plans) continues to rise

A recent study by the National Center for Health Statistics showed that HDHPs including HSAs continue to grow in popularity. The following are some of the key statistics that the study found.

"In 2014, 36.9% of those under age 65 with private health insurance coverage were enrolled in a high-deductible plan, defined as plans with deductibles of at least $1,250 for single coverage and $2,500 for family coverage, according to the report. Private health insurance coverage includes both employment-based coverage and individual policies.

Of that 36.9%, 13.3% were enrolled in CDHPs, which are high-deductible plans linked to health savings accounts, while 23.6% were enrolled in high-deductible plans not linked to HSAs. Both types of plans have been growing rapidly in recent years. For example, in 2009, just 6.6% of the under age 65 population with health insurance coverage were covered in a CDHP compared with 2014's 13.3% coverage rate. In addition, last year's 23.6% coverage rate in high-deductible health insurance plans compares to just 15.9% in 2009. The key reason for the growth of high-deductible plans is their lower cost."

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