EBRI’s Health Savings Account Data in NYTimes
February 2, 2011
The Feb. 1 New York Times’ “Makng the Most of Your Money” column (“Bucks”) featured results from the January EBRI Issue Brief on health savings accounts (HSAs) and health reimbursement arrangements (HRAs).
The article notes:
“According to the results, there is some evidence that consumers with the accounts are more likely to engage in certain cost-conscious behaviors than those without the accounts. Specifically, those with the accounts appear more likely to check whether the plan would cover care, more likely to ask for a generic drug, more likely to have a budget and more likely to check the price of service.
“On the other hand, the researchers also found that there are certain cost-conscious behaviors that those with the accounts don’t appear any more likely to engage in than those without the accounts. These included talking to a doctor about prescriptions and costs, asking a doctor to recommend a less costly drug and checking the quality rating of a hospital or doctor.”
The full Times article is online here.
The full EBRI report is online here.