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GAO Study Again Confirms Health Savings Accounts Primarily Benefit High-Income Individuals

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Publication Date: May 2008

Publisher(s): Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Edwin Park

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Health (Health care financing)

Keywords: Income diversity; Economic projections; Health care costs

Type: Report

Abstract:

A new Government Accountability Office (GAO) report indicates that Health Savings Accounts are used disproportionately by affluent households.  Its findings also suggest that HSAs are being used extensively as tax shelters.