NORFOLK, Va. — The advantages of Health Savings Accounts are really so numerous it is hard to see why credit unions would not offer them.
Health Savings Accounts "really help consumers deal with a phenomenon that's already occurring, and would occur without HSAs, the shift to consumer directed health care," Tom Reader with the Treasury Department said during NCUA's Access Across America Economic Empowerment Summit.
CUNA Mutual Group Compliance Manager Dennis Zuehlke agreed, "The train has left the station on this." There has been complete buy-in from large insurance companies, like Blue Cross-Blue Shield, and employers, such as Wal-Mart, since the accounts were introduced in 2004. Consumers are showing interest, but also some confusion. About three million HSAs have been opened, according to Zuehlke.
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