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Copyright 2010 First Horizon Msaver, Inc.
AGENDA
What is an HSA?
Elements of Consumerism
HSA Examples – Do the Math
Resources
Studies – HSAs are working!
HSA Usage Trends
Health Reform and CDHPs
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Eric on Linked In
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817-366-7536
Copyright 2010 First Horizon Msaver, Inc.
HSA participants are all ages
• People in their 30s: 24%• People in their 40s: 25%• People in their 50s: 24%
0%
5%
10%
15%
20%
25%
30%
AGE20-29
AGE30-39
AGE40-49
AGE50-59
AGE60-64
AGE65+
Account Holders by Age
2007
2008
2009
Copyright 2010 First Horizon Msaver, Inc.
Average Account Balances Are Increasing
Health Savings Account (HSA) average account balances have been increasing throughout the year and from year to year.
$0
$500
$1,000
$1,500
$2,000
January June December
Average Account Balances
2007
2008
2009
Copyright 2010 First Horizon Msaver, Inc.
Baby Boomers are Biggest Savers…
The group of 50-59 year olds account for over one-third (34%) of the dollars currently being saved in First Horizon HSAs.
0%
5%
10%
15%
20%
25%
30%
35%
AGE20-29
AGE30-39
AGE40-49
AGE50-59
AGE60-64
AGE65+
Account Balances by Age Group
2007
2008
*2009
Copyright 2010 First Horizon Msaver, Inc.
…and the Biggest Spenders
The 50-59 age group slightly outspent other age segments accounting for 30% of the total account withdrawals.
0%
5%
10%
15%
20%
25%
30%
35%
AGE 30-39
AGE 40-49
AGE 50-59
AGE 60-64
AGE 65+
Amount of Transactions by Age
2007
2008
*2009
Copyright 2010 First Horizon Msaver, Inc.
Average Monthly HSA Use is On the Rise
* Through September 2009
So is the average transaction amount.
$141$1,68910.9*2009
$128$1,5417.42008
$130$1,5606.32007
Average Monthly Transactions
Amount of Transactions per Account per Year
Transactions per Account per Year
$141$1,68910.9*2009
$128$1,5417.42008
$130$1,5606.32007
Average Monthly Transactions
Amount of Transactions per Account per Year
Transactions per Account per Year
Copyright 2010 First Horizon Msaver, Inc.
Top 5 Merchant Categories by # of Transactions
* Data from Jan-Aug 2009 3.05%Chiropractors5
4.15%Hospitals4
6.26%Dentists, Orthodontists3
23.27%Doctors2
44.28%Drug Stores, Pharmacies, Grocery Stores1
% of Total Uses *Merchant CategoryRank
3.05%Chiropractors5
4.15%Hospitals4
6.26%Dentists, Orthodontists3
23.27%Doctors2
44.28%Drug Stores, Pharmacies, Grocery Stores1
% of Total Uses *Merchant CategoryRank
Copyright 2010 First Horizon Msaver, Inc.
$$$ Amount by Merchant Category
* Data from Jan-Aug 2009 3%Chiropractors5
13%Hospitals4
16%Dentists, Orthodontists3
32%Drug Stores, Pharmacies, Grocery Stores2
37%Doctors1
% of Total $ *Merchant CategoryRank
3%Chiropractors5
13%Hospitals4
16%Dentists, Orthodontists3
32%Drug Stores, Pharmacies, Grocery Stores2
37%Doctors1
% of Total $ *Merchant CategoryRank
Copyright 2010 First Horizon Msaver, Inc.
Top 5 HSA Spend by Transaction Amount
$60Drug Stores, Pharmacies, Grocery Stores5
$71Chiropractors4
$131Doctors3
$210Dentists, Orthodontists2
$260Hospitals1
Average TransactionMerchant CategoryRank
$60Drug Stores, Pharmacies, Grocery Stores5
$71Chiropractors4
$131Doctors3
$210Dentists, Orthodontists2
$260Hospitals1
Average TransactionMerchant CategoryRank
Copyright 2010 First Horizon Msaver, Inc.
Widely Acceptanced, Appropriately Used
In general the data indicates that HSA adoption has taken place across all age segments and it shows that people are making pre-tax or tax deductible contributions to their First Horizon HSA so that they can more efficiently save money for medical expenses.