2010 Consumer Survey Data Indicates HSAs Are Mainstream Healthcare Option

Jun 21, 2010, 14:00 ET from HSA Bank from ,Webster Financial Corporation

WATERBURY, Conn., June 21 /PRNewswire-FirstCall/ -- HSA Bank released today the results from its 2010 Consumer Benchmark Survey that indicate Health Savings Accounts (HSAs) have been accepted as a mainstream healthcare option. The data illustrates that people with an HSA-compatible health plan have similar characteristics -- including age, health and income -- as those with traditional health plans such as HMOs and PPOs:

  • 57.5 percent (HSA) and 60.9 percent (traditional) were age 45 or older
  • 94.9 percent (HSA) and 93.9 percent (traditional) considered themselves of average or better health
  • 44 percent (HSA) and 45 percent (traditional) earned an annual household income ranging from $25,000 to $75,000.

"Since the HSA became available in 2004, opponents have argued that the accounts are only beneficial for the young, healthy and wealthy," said Itamar Romanini, senior vice president of Business Development at HSA Bank. "Our survey results are a strong indication that HSAs can benefit anyone, and have joined the ranks of other mainstream healthcare options like PPOs and HMOs."

To download the complete 2010 Consumer Benchmark Report, go to www.hsabank.com/benchmark.

HSA Bank® is a division of Webster Bank, N.A., member FDIC, the wholly-owned subsidiary of Webster Financial Corporation (NYSE: WBS).

HSA Bank is one of the nation's most experienced HSA administrators and one of the few administrators with an exclusive focus on HSAs. HSA Bank works with individuals and companies of all sizes and complexities. HSA Bank actively listens to the needs of our clients and customers to develop solutions and create flexible HSA programs that include online access for employers and individuals. HSA Bank offers reliable and responsive support to its business partners and accountholders from friendly, knowledgeable service staff.

Discover how easy it can be to have or manage an HSA at www.hsabank.com!

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 500 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Webster Capital Finance, Inc., an equipment finance company headquartered in Farmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

Media Contact:


HSA Bank:

Patrick Rose     920-400-0398


mediarequests@hsabank.com

Webster:

Ed Steadham    203-578-2287


esteadham@websterbank.com



SOURCE HSA Bank; Webster Financial Corporation



RELATED LINKS

http://www.websterbank.com


http://www.hsabank.com