Texas HHSC Medicaid Health Savings Accounts Could Cost Three Times More Than Traditional Medicaid

OPEN MINDS On-Line News Strategic Health Care News A Medicaid health savings account (HSA) pilot program could cost the Texas Health and Human Services Commission (HHSC) about $1,558 per member per month; traditional Medicaid programs would cost $439 per member per month. The estimated cost of the HSA pilot for up to 120 individuals includes an annual HHSC medical cost contribution of $2,000 for each participant and first dollar coverage of an annual physical and three prescriptions per month. The total medical costs for the five-year period were estimated at $595,596. Administrative costs associated with . . .