MINNEAPOLIS–(BUSINESS WIRE)–Health Savings Accounts (HSAs) are estimated to have grown to more than $14.1 billion in assets representing 7.1 million accounts through June 30th, 2012 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 July, 2012 and primarily consisted of top 50 HSA providers in the health savings account market, with all data being collected for the June 30th, 2012 period dating back to June 30th, 2011. “As we continue to research the HSA marketplace we are pleased with the credible and insightful data provided regarding HSA usage and adoption at an industry level,” says Eric Remjeske, President and Co-Founder of Devenir.
Key findings from the Devenir Midyear 2012 survey and research report:
“We continue to be very interested in understanding how HSAs are being funded and used, finding that both employers and employees are playing a significant role in contributing to HSAs to help save for future medical expenses,” said Jon Robb, Lead Research Associate with Devenir. Devenir projects the HSA market may reach $25 billion in assets by the end of 2015, with HSA investment dollars growing rapidly as health savings account user’s balances become larger, representing almost 19% of all HSA assets by the end of 2015.
Projections derived from Midyear 2012 Devenir HSA survey, press releases, previous market research, and market growth rates. Projections are barring any 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