News

A Watson Wyatt Worldwide survey of 585 mid-sized and large companies found that the number of employers offering a high-deductible health plan with a health savings account or health reimbursement account is increasing. Twenty-nine percent of employers now offer such plans and another 33% plan to do so in 2007....

First the Consumer Federation of America got involved, and now the governor of Michigan - the story of DFCU Financial's conversion attempt is still playing out. Page 4.

Nine percent of individuals enrolled in an HDHP that were eligible for an HSA did not opt to open an account. Below are the reasons that individuals gave for not opening an HSA when the option was offered to them.

The fastest growing market for HSA/HDHP products is group coverage, which has grown from about 20% of the market in Sept. 2004 to approximately 60% in Jan. 2006. In particular, the large-group market has seen a significant increase since Sept. 2004.

According to Treasury, an individual can contribute to an HSA each year that they are eligible. Contributions can be up to the amount of their HDHP deductible, but no more than $2,700 for self-only coverage and $5,450 for family coverage. The chart illustrates how this works.

SYDNEY, Australia - John Throwden was removed from his roles as director and senior manager from the Pinnacle Credit Union by The Australian Prudential Regulation Authority. APRA claimed in its removal statement that "Mr. Throwden was not a fit and proper person to hold a senior position within an ADI...