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.
Avoiding HSA Pitfalls :: Health Savings Accounts
Health Savings Account for Chicago, Illinois by employee benefits specialist, Benefits Age. Offers solutions to solve employee benefits problems. Provides employee health insurance, dental insurance, life insurance, disability, voluntary insurance and health savings accounts - HSA.
