INDIANAPOLIS (AP) — Enrollment in high-deductible health insurance plans that can help consumers save for medical expenses climbed 14 percent this year and has jumped 87 percent since January 2008, according to the trade association America's Health Insurance Plans.
A total of 11.4 million people had enrolled in high-deductible plans that are eligible for health savings accounts as of January. That compares to 10 million people in January, 2010, and 6.1 million people at the start of 2008.
High-deductible health insurance plans generally come with premiums lower than traditional coverage, but the patient or customer pays more out of pocket before coverage starts. If the deductibles are at least $1,200 for an individual and $2,400 for a family, the plans can be paired with health savings accounts. Customers can deposit pretax savings in these accounts, along with employer contributions, to help cover medical expenses.
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