This excerpt taken from the UNH 8-K filed Dec 19, 2006.
Saving Today for Tomorrows Expenses
Further UnitedHealth Group research found that consumers with Health Savings Accounts (HSAs) are contributing to their accounts and accumulating money for future health care expenses at higher rates than had been previously anticipated.
The HSA research is based on data from 130,000 members who have opened an HSA with UnitedHealth Groups Exante Bank, the industrys largest HSA administrator. The study found:
Jeff Cava, executive vice president of Human Resources and Administration for the Wendys restaurant chain, said employees at his company are saving more than many anticipated. Wendys began offering HSAs in 2005, and by the end of the year employees had accumulated a collective $4 million in their accounts. We took money that used to go to a third-party payer to help pay health claims, and gave it to employees who will use it to offset their health care costs, he said. How many other company-sponsored health plans are there that transfer wealth?
Across UnitedHealth Group, more than 1.75 million individuals are now enrolled in a consumer-driven health plan connected to an HRA or HSA, spanning both the commercial and individual markets. More than 14,000 employers offer a CDHP through a UnitedHealth Group company, and membership sponsored by large, national employers recently topped 1 million individuals.
About UnitedHealth Group
UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, Specialized Care Services and Ingenix. Through its family of businesses, UnitedHealth Group serves approximately 70 million individuals nationwide.
# # #
(For Immediate Release)