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Insight Center Resources

Industry knowledge to help you grow your business

Why Do Employees With a High-Deductible Health Plan (HDHP) Choose Not To Open an HSA?

It’s no secret that health savings accounts (HSA) have struggled to gain significant traction with consumers. In fact, approximately 30 percent of employees who select a high-deductible health plan do not elect to open an HSA, forgoing the triple tax benefits afforded health savings accounts. 

Our recent survey sought to answer two questions:

  1. Why don’t employees open an HSA even when they’re eligible to do so? 
  2. What additional education may be required during and after open enrollment to ensure employees fully understand HSAs?

 Download the survey report that revealed some surprising insight into employee confusion about HSAs, and what companies can do to help clear things up.