Abstract
This article analyzes health insurance cost data from Ohio public employers and 27 Ohio private firms that have adopted Medical Savings Accounts (MSAs). The study shows that Ohio public employers could reduce their health insurance costs an average of 12 percent for single coverage and 34 percent for family coverage with MSAs, compared to traditional plans. Under the MSA plans, employee out of pocket costs (OPC) would also be lower compared to traditional plans. Data show that with MSAs most employees have funds remaining in their MSA account at the end of the coverage period that they keep. If MSAs had the same tax status of traditional health insurance, which is currently being considered by Congress, additional savings would be available to employees.
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