Exhibit 8.5: Average Annual Premiums and Contributions to Spending Accounts For Covered Workers in HDHP/HRAs and HSA Qualified HDHPs Compared to All Plans, 2005
| HDHP/HRA | HSA Qualified HDHP | All Plans‡ | | Single | Family | Single | Family | Single | Family | Total Annual Premium | $3,503* | $8,530* | $2,700* | $7,909* | $4,024 | $10,880 | Worker Contribution to Premium | $423 | $2,654 | $431 | $1,664* | $610 | $2,713 | Firm Contribution to Premium | $3,080 | $5,876* | $2,270* | $6,245* | $3,413 | $8,167 | Total Annual Firm Contribution (Firm Share of Premium Plus Firm Contribution to HRA or HSA) | $3,872* | $7,538 | $2,850 | $7,337 | $3,413 | $8,167 | Total Annual Spending (Total Premium Plus Firm Contribution to HRA or HSA) | $4,295 | $10,193 | $3,280* | $9,001* | $4,024 | $10,880 |
| * | Estimate is statistically different from All Plans by coverage type at p<.05. | | | | ‡ | All Plans refers to all conventional, HMO, PPO, and POS plans in the survey, not just HDHP/HRAs or HSA qualified HDHPs. Average firm contributions to the premium are the same as those shown in Exhibit 6.3. | | | | | High-deductible health plan (HDHP): A plan with an annual deductible of at least $1,000 for single coverage and $2,000 for family coverage. | | | | | HDHP/HRA: The survey asks about health reimbursement arrangements (HRAs) that are offered with a high-deductible health plan (HDHP). An HRA is medical care reimbursement plan sponsored by an employer. HRAs are funded on a pre-tax basis ONLY by an employer, not the worker (see Section 8 text for additional information about HRAs). | | | | | HSA qualified HDHP: The survey asks about high-deductible health plans that are health savings account (HSA) qualified. An HSA qualified HDHP includes an annual deductible of at least $1,000 for single coverage ($2,000 for family coverage) and maximum out-of-pocket cost-sharing of $5,100 for single coverage ($10,200 for family coverage) for 2005 (see Section 8 text for additional information about HSAs). | | | | | Note: Average Firm Contributions to the HSA or HRA (see Exhibit 8.4) cannot be calculated by subtracting the average Total Annual Premium from the average Total Annual Spending due to varying sample sizes. Some firms provided data for premiums and worker contributions that were inconsistent with other data they provided about their HDHP/HRA or HSA qualified HDHP. These data were excluded from estimates of the average premium, worker contribution, and firm contribution for the HDHP; therefore there are fewer cases used in calculating those averages than for the average firm contribution to the HSA or HRA. | | | | | Source: Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 2005. | | | | | For more information regarding survey methodology, click here to view the Survey Design and Methods section. |
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