HSA Bank Offers Important Insight for Employers in Third Annual HSA Bank Health & Wealth Index Report

HSA Bank, a division of Webster Bank, N.A., today released its third annual HSA Bank Health & Wealth Index, a report that explores trends in consumer financial and physical health. A total of 2,000 U.S. adults were surveyed about their health plan enrollment status, health practices, ability to pay for healthcare, and confidence in their own health and wealth. Each consumer received a combined health and wealth score between zero and 100. The average consumer was found to be moderately engaged in their health and wealth with an average index score of 56.4. HSA Bank has been running this survey annually for the past three years, giving these insights context and depth. Key findings from the 2020 Health & Wealth Index revealed: Consumers are unfamiliar with important aspects of their health plan.
Only nine percent of the age group newest to the workforce (Generation Z) knew their out-of-pocket maximum. Additionally, 42 percent of all consumers surveyed didn't know if their plan was HSA-eligible.