In September 2020, we published a blog post on HSA market concentration. At the time it was published, the HHI of the top 20 HSA providers was just under 1,000, signaling a competitive market. However, since then, there have been several acquisitions in the HSA market and as a result, we wanted to recalculate the HHI using data from our 2022 Midyear HSA Research Report.
Check out our September 2022 HSA newsletter highlighting articles, posts and press releases that help keep you in the loop of the latest trends and developments in the HSA marketplace.
Check out our August 2022 HSA newsletter highlighting articles, posts and press releases that help keep you in the loop of the latest trends and developments in the HSA marketplace.
We are excited to announce that a new version of our HSA Asset Allocation Calculator has been released.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our July 2022 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our June 2022 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our May 2022 edition!
While people are trying to keep up with the inflation to consumer goods prices, they also need to be aware of how much more they are going to have to spend on health care.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our April 2022 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our March 2022 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our February 2022 edition!
Are target-date funds a good fit for HSAs? As a leading investment consultant in the HSA market, Devenir is mindful of this ongoing debate and the nuances of target date funds in 401(k)s and HSAs. We analyzed the usage of target date funds in HSAs and have highlighted our findings here.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our January 2022 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our December 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our November 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our October 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our September 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our August 2021 edition!
So far, without any change in activity from the Federal Reserve, Devenir has not seen any dramatic impact on deposit rates offered in HSAs. Since our last update in February, we have observed a market average decline of two-basis points for accounts with $1,000 and a four-basis point decrease for accounts with $10,000.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our July 2021 edition!
As HSAs continue to grow in popularity and the number of accounts steadily increases, financial institutions are starting to realize the full value of these accounts. However, as the HSA market becomes more competitive, providers must find new ways to differentiate themselves and provide value to their account holders. One way that institutions can help account holders take full advantage of their HSAs is to offer investments.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our June 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our May 2021 edition!
We published our latest analysis of how health savings accounts are faring among credit unions, finding at the end of 2020 credit unions held about $1.97 billion in HSA deposits.
HSA investments have grown rapidly in recent years, as more account holders invest and existing investors grow their balances. At the end of 2020 nearly $24 billion dollars were invested, accounting for roughly 29% of total HSA assets (up from 24% at the end of 2019).
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our April 2021 edition!
On February 23rd and 24th, Federal Reserve Chairman Jerome Powell testified before Congress that the Federal Reserve does not plan to change their current monetary policy in the near term. Since the onset of the pandemic, consumers have seen the effect of these decisions on their bank deposits. The average deposit rate, for an account holder with $1,000 in their health savings account (HSA) has dropped 10bps since 2019.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our March 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our February 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our January 2021 edition!
One interesting HSA datapoint that our team has been tracking is the behavior of accountholders who are associated with an employer group versus accountholders who are not. Over the last three years, employer associated HSAs have seen the highest average contributions.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our December 2020 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our November 2020 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our October 2020 edition!
The HSA marketplace consists of providers from a variety of backgrounds from health plans, banks & credit unions, to technology providers. In addition to the wide range of business models, HSA providers come in many sizes as well.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our September 2020 edition!
Devenir, as part of our continued monitoring of the health savings account (HSA) marketplace, has been tracking HSA deposit rates. Since our last update, average deposit rates for the top 20 HSA providers in the marketplace have remained fairly steady with only a slight decline for both the one-thousand and ten-thousand dollar balance levels.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our August 2020 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our July 2020 edition!
Subscribe to Devenir’s monthly newsletter and stay up to date with the latest HSA news! Each month Devenir highlights a selection of articles to keep you in the loop of the latest trends and developments in the HSA marketplace.
As HSA investment accountholders react to the financial and public health impact of the COVID-19 pandemic, Devenir has observed HSA investors to better understand how the crisis has shaped their investment behavior.
Subscribe to Devenir’s monthly newsletter and stay up to date with the latest HSA news! Each month Devenir highlights a selection of articles to keep you in the loop of the latest trends and developments in the HSA marketplace.
The coronavirus pandemic in the United States forced the Federal Reserve to cut rates close to zero in order to dampen the effect of the virus on the U.S. economy. In this unique time, Devenir has been observing how health savings account (HSA) providers have reacted to the rate cut.
We published our latest analysis of how health savings accounts are faring among credit unions, finding at the end of 2019 credit unions held about $1.76 billion in HSA deposits.
HSA investments have grown rapidly in recent years, reaching 24% of total assets and over 1.2 million (4%) accounts as of 12/31/2019. The average investment balance for investment account holders has grown to $12,695 in 2019, from roughly $5,000 in 2011. When it comes to investing, HSA account holders generally have the option to choose from a list of pre-selected mutual funds, however, some HSAs allow for investment in a linked self-directed brokerage (SDB) option (allowing investment in individual securities).
Subscribe to Devenir’s monthly newsletter and stay up to date with the latest HSA news! Each month Devenir highlights a selection of articles to keep you in the loop of the latest trends and developments in the HSA marketplace.
Subscribe to Devenir’s monthly newsletter and stay up to date with the latest HSA news! Each month Devenir highlights a selection of articles to keep you in the loop of the latest trends and developments in the HSA marketplace.
An important aspect of the menu design process is sizing the menu to optimize the availability of core asset classes while also limiting excessive overlap or overly risky asset classes that can overwhelm the typical investor. This blog considers four important factors that impact sizing decisions of HSA menus.
Subscribe to Devenir’s monthly newsletter and stay up to date with the latest HSA news! Each month Devenir highlights a selection of articles to keep you in the loop of the latest trends and developments in the HSA marketplace.
Devenir is excited to announce that we have partnered with the Centers for Medicare & Medicaid Services to supply info.HSAsearch.com, a powerful HSA provider search tool and comparison resource.
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