MINNEAPOLIS (August 5, 2026) – Devenir and the American Bankers Association’s Health Savings Account Council released the results of the 6th annual Devenir & HSA Council Demographic Survey and resulting research report. The survey found that the 41.7 million Health Savings Accounts that existed at the end of 2025 helped cover nearly 62 million Americans.
Survey responses were collected primarily from leading HSA providers, representing a substantial majority of industry accounts. All data reflect account status as of December 31, 2025.
“Our 2025 demographic analysis shows that HSA use spans every life stage. Thirty percent of accountholders are in their 30s, while those aged 55 and older have accumulated nearly $75 billion in their accounts. Together, these findings show how HSAs help people manage healthcare costs today while building resources for future healthcare needs,” said Jon Robb, SVP of research and technology at Devenir.
Key findings from the 2025 Devenir & HSA Council Demographic Survey and resulting research report:
- Nearly 62 million Americans covered by an HSA. Devenir estimates that as of December 31st, 2025, there were 41.7 million HSAs, collectively providing coverage for approximately 62 million people.
- Millennial accountholders hold a significant share of HSAs. By the end of 2025, individuals aged 30 to 44 held 42% of all health savings accounts.
- Older accountholders continue strong HSA asset accumulation. Accountholders aged 55+ had accumulated almost $75 billion in their accounts at the end of 2025 (an 18% increase from the previous year). The average HSA balance for this age group reached $7,178.
- HSAs exhibit broad socioeconomic adoption. 62% of health savings accounts are held in communities with a median household income below $100,000.
“Devenir’s 2025 findings highlight the growing role Health Savings Accounts play in supporting Americans’ ability to pay for both current and future healthcare needs while aiding long-term financial preparedness,” said Kevin McKechnie, executive director of the ABA HSA Council. “More than 62% of HSA owners live in zip codes where the median household income is $100,000 or less, demonstrating strong participation across all demographic and income groups. We’re pleased that HSAs now cover nearly 62 million Americans, which ensures they can save and help pay for healthcare expenses throughout their lives with these accounts.”
Devenir
Devenir is a national leader in providing customized investment solutions for HSAs and the consumer directed health care market. When health savings accounts first emerged in 2004, Devenir built its expertise around delivering cutting-edge investment solutions. As the consumer driven health care industry grew, so did Devenir’s reputation as a leading researcher and award-winning investment consultant. Today, Devenir continues to lead the way in the rapidly growing HSA market. A research driven perspective makes Devenir the go-to investment advisor, HSA investment platform and consultant to employers, banks, third party administrators, health plans and technology providers. Learn more at devenir.com.
About the American Bankers Association
The American Bankers Association is the voice of the nation’s $26.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.5 trillion in deposits and extend $13.7 trillion in loans.
Contacts
Devenir
Eric Remjeske
[email protected]
ABA HSA Council Media Contact
Blair Bernstein
[email protected]