Minneapolis, MN January 31st – Health Savings Accounts (HSAs) surpassed $12.4 billion in assets in almost 6.8 million accounts by year-end 2011 according to a survey and resulting research report conducted by Devenir, an investment firm that specializes in providing investment options for HSAs.
The survey data was collected in January, 2012 and primarily consisted of the top 50 HSA providers in the health savings account market, with all data being collected for the December 31st, 2011 period. “We continue to see strong growth in the HSA marketplace as well as steady increases in average balances”, says Eric Remjeske President and Co-Founder of Devenir.
Key findings from the Devenir December 2011 survey and research report:
“With the data suggesting that the average HSA balance continues to grow steadily the longer the account has been opened, HSAs are demonstrating that they are serving their purpose and helping consumers save for future healthcare expenses,” said Jon Robb, Lead Research Associate with Devenir. Devenir projects the HSA market to reach $27.6 billion in assets by the end of 20151. Devenir also projects that HSA investment dollars will continue to grow quickly as health savings account user’s balances become larger, representing 17% of all HSA assets by the end of 2015.
Estimates are derived from the Year-End 2011 Devenir HSA survey, press release and, previous market research.
1. Projections are barring any dramatic regulatory or market environment changes.
Forward-looking statements are based on current expectations and assumptions based on historical growth, the economy, other future conditions and forecasts of future events, circumstances and results.
Devenir, a full-service broker dealer and registered investment advisor based in Minneapolis, is a national leader in providing customized investment solutions to the HSA Custodian marketplace. As an HSA industry leading investment firm, Devenir offers a host of investment options to suit the unique needs of employers, banks, third party administrators and plan participants. www.devenir.com