By Pension and Benefits Editorial Staff
As of June 30, 2019, the number of health savings accounts (HSAs) has grown to 26 million, holding an estimated $61.7 billion in assets, according to the 2019 Midyear Devenir HSA survey. This is a year-over-year increase of 12 percent for accounts and 20 percent for HSA assets. Devenir projects that, by the end of 2021, the HSA market will approach $88 billion in HSA assets held by over 30 million accounts.
The survey also found the following:
- HSA investment asset growth rebounds. HSA investment assets increased to an estimated $13.3 billion at the end of June, up 35 percent year-over-year. On average, investment account holders hold a $15,982 total balance (deposit and investment account).
- Over 1 million HSAs investing. There are now over 1 million accounts that are investing a portion of their HSA dollars, representing a little over 4 percent of all accounts.
- HSA contributions continue to rise. Account holders contributed over $22 billion to their accounts in the first six months of 2019, up 12 percent from last year.
Interested in submitting an article?
Submit your information to us today!Learn More