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Devenir HSA Newsletter: December 2022

Check out our December 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.

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Devenir HSA Newsletter: November 2022

Check out our November 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.

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Devenir HSA Newsletter: October 2022

Check out our October 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.

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A chart of the HSA market's HHI, showing increasing concentration in the industry over time

Top 20 HSA Market Concentration – 2022 Midyear Update

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.

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Devenir HSA Newsletter: September 2022

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.

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Devenir HSA Newsletter: August 2022

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.

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New HSA Asset Allocation Calculator!

  • July 1, 2022

We are excited to announce that a new version of our HSA Asset Allocation Calculator has been released.

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Devenir HSA Newsletter: July 2022

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!

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Devenir HSA Newsletter: June 2022

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!

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Devenir HSA Newsletter: May 2022

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!

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Keeping Up With Healthcare Inflation

  • April 12, 2022

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.

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Devenir HSA Newsletter: April 2022

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!

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Devenir HSA Newsletter: March 2022

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!

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Devenir HSA Newsletter: February 2022

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!

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Are Target Date Funds a Good Fit for HSAs?

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.

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Devenir HSA Newsletter: January 2022

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!

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Devenir HSA Newsletter: December 2021

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!

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Devenir HSA Newsletter: November 2021

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!

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Devenir HSA Newsletter: October 2021

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!

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Devenir HSA Newsletter: September 2021

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!

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Devenir HSA Newsletter: August 2021

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!

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HSA Deposit Rate Update – July 2021

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.

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Devenir HSA Newsletter: July 2021

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!

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HSAs + Investments: A Powerful Savings Combination

  • June 15, 2021

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.

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Devenir HSA Newsletter: June 2021

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!

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Devenir HSA Newsletter: May 2021

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!

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2020 Credit Union Health Savings Account Update

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.

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2020 Investment Balance Trends in HSAs

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).

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Devenir HSA Newsletter: April 2021

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!

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Health Savings Account Deposit Rates – Early 2021 Update

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.

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Devenir HSA Newsletter: March 2021

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!

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Devenir HSA Newsletter: February 2021

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!

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Devenir HSA Newsletter: January 2021

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!

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Employee vs. Individual HSA Contributions

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.

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Devenir HSA Newsletter: December 2020

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!

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Devenir HSA Newsletter: November 2020

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!

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Devenir HSA Newsletter: October 2020

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!

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Top 20 HSA Market Concentration

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.

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Devenir HSA Newsletter: September 2020

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!

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Top 20 HSA Providers Average Deposit Rate Update

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.

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Devenir HSA Newsletter: August 2020

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!

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Devenir HSA Newsletter: July 2020

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!

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Devenir HSA Newsletter: June 2020

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.

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Early HSA Investment Trends Amidst COVID-19 Pandemic

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.

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Devenir HSA Newsletter: May 2020

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.

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Health Savings Account Deposit Rates – 2020 Update

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.

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2019 Credit Union Health Savings Account Update

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.

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HSA Investments: Mutual Fund vs. Self-Directed Brokerage Account Holders

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).

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Devenir HSA Newsletter: April 2020

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.

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Devenir HSA Newsletter: March 2020

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.

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