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News Release

FOR IMMEDIATE RELEASE
Wednesday, October 20, 2004
Contact: Michael Orenstein
Tel: 202-606-2402

OPM's Health Savings Account Website Attracts 71,167 Visitors

Nearly 10,000 register for online updates

Washington, D.C. -- The U.S. Office of Personnel Management's Health Savings Account website continues to draw increasing attention, as 71,167 federal employees have now logged onto the site in the weeks since its September debut.

This latest number of individuals who have accessed the Health Savings Account (HSA) website (www.opm.gov/hsa) represents an increase of 26,018 potential enrollees who have logged onto the site since October 6 to learn about new High Deductible Health Plans and accompanying Health Savings Accounts (HSAs) being offered to federal employees next year through the Federal Employees Health Benefits (FEHB) Program.

In addition, 9,915 individuals who have accessed the website have requested e-mail updates about the HSA program. The HSA website debuted September 20.

"Despite some suggestions to the contrary, the HSA program continues to show strong interest among federal employees, even before they are rolled out on November 8," said OPM Director Kay Coles James. "Federal employees are educated consumers, and they are viewing the HSA website we have made available to help determine whether a High Deductible Health Plan and HSA serve the medical and financial interests of themselves and their families."

Health Savings Accounts are tax-advantaged products that empower enrollees in High Deductible Health Plans (HDHP) to use their medical dollars wisely and save money for future medical needs. In 2005, the FEHB Program is offering 18 HDHPs, through which HSA accounts are available.

President George W. Bush made HSAs available to federal employees with the signing of the Medicare Prescription Drug, Improvement and Modernization Act of 2003.

In addition, a link from OPM's popular federal jobs website (www.usajobs.gov) contains a link to the HSA site. On average, USAJOBS advertises 17,000 federal job openings each day. James hopes the availability of the new health product will spur highly qualified men and women in a variety of professional, administrative and technical fields to consider federal careers.

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OPM leads and serves the Federal Government in enterprise human resources management by delivering policies and services to achieve a trusted, effective civilian workforce. By Empowering Excellence in Government through Great People, we provide leadership and support to U.S. agencies on issues including human resources policy and oversight, background investigations, federal employee benefits, retirement services, guidance on labor-management relations, and programs to improve workforce performance. For more information, visit OPM.gov or follow OPM on Twitter, Facebook, or LinkedIn.


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