Other than HSAs, What Has Congress Done for the Uninsured? Print This Post Email This Post


Finally, we see in the mainstream media (in print in the Hartford Courant) that HSAs have helped the uninsured.Wow! This is real progress. The article did not say how HSAs have helped the uninsured, but, even still, it is great to see this progress. Here is how Health Savings Accounts help the uninsured: more than 25% of those who purchased an individual HSA qualified health plan last year, were previously uninsured.This is a far higher percentage of people who were previously uninsured, who buy individual PPO or HMO health plans.The reason that the previously uninsured are buying HSA qualified plans at such a high rate is because they are the most affordable health plan available. If you are uninsured and do not want to spend, or cannot spend the many hundreds of dollars a month on a traditional health insurance plan, even a little bit of shopping around for health plans will land you on the HSA qualified health plan doorstep.HSAs, we know from who purchase them, especially the uninsured, are not for the wealthy. How could the previously uninsured be buying HSAs at such a clip if HSAs were for the wealthy? The uninsured could not afford HSAs and we would see no previously uninsured buying HSAs. Instead we see that of more than 25% of individual HSA qualified health plans being purchased by the uninsured. This fact should go a long way to rebutting the claim that HSAs are only for the wealthy.