HSA :: Health Savings Accounts
Concern: A High Deductible Will Put a Financial Burden on My Workforce
Reality: Medical Expenses are low for most of us.
This chart shows Annual Medical Expenses for the United States population by percentage:
| Money Spent on Medical Care Annually |
Percentage of U.S. Population |
| No Medical Expenses $0 | 33% |
| $1 - $500 | 40% |
| $501 - $1,000 | 9% |
| $1,001 - $2,000 | 7% |
| $2,001 - $5,000 | 6% |
| $5,001 - $10,000 | 3% |
| $10,001 - $25,000 | 3% |
| $25,001 - $50,000 | .5% |
| $50,001 - $100,000 | .2% |
| $100,001 - And Up | .05% |
Seventy-three percent of the population spends $500 or less on Medical Expenses per year. Eighty-two percent spends less than $1,000. Most people will not spend all of their HSA funds in a year. What is not spent is theirs to keep and earn interest.
