|UnitedHealthcare Enrollment In CDHPs Tops
UnitedHealth Group said that enrollment in its
consumer-driven health plans (CDHPs) has surpassed 2.7 million
individuals at UnitedHealthcare and its affiliates, and for the first
time more consumers are covered by a health plan connected to a health
savings account (HSA) than a health reimbursement account (HRA).
The numbers illustrate a continuing rise in the
popularity of HSAs, which have been offered for just four years,
compared to HRAs, which have been available since 2000.
As of March 31, UnitedHealthcare’s CDHPs included
1.38 million people covered by a health plan with an HSA, and 1.34
million people covered by a health plan with an HRA. This includes both
CDHPs in the employer-sponsored market, as well as plans purchased by
individuals and families, United said.
More than 22,500 employers now offer a CDHP through
UnitedHealthcare. Membership through large national companies offering
a health plan connected to an HSA or HRA increased by more than 325,000
participants from December 2007 to March 2008, signaling the largest
new year increase in CDHP enrollment for large customers since the
plans became available.
As participation in HSA-based health plans has rapidly
increased, so has the related health banking activity. UnitedHealth
Group’s OptumHealth Bank (formerly Exante Bank) reported that, as
of March 31, HSA deposits total $580 million.
About $25 million of those deposits have been invested
in a variety of mutual fund options offered by OptumHealth Bank,
reinforcing the long-term tax-advantage savings potential of HSAs.
Address; UnitedHealth Group, 9900 Bren Rd East, Minnetonka, MN 55343; (952) 936-1300, www.unitedhealthgroup.com.