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A summary of the articles included in the November 2025 edition:

  • HSA Assets Surge to $159 Billion as Invested Assets Jump 30% Year-Over-Year to Reach $73 Billion
  • KFF 2025 Employer Health Benefits Survey
  • This Investing Move is the ‘Holy Grail of Retirement Planning,’ Advisor Says
  • HSA Deposit Rate Update – September 2025
  • 10 Things You Need to Know About Health Savings Accounts


HSA Assets Surge to $159 Billion as Invested Assets Jump 30% Year-Over-Year to Reach $73 Billion

Health Savings Accounts (HSAs) reached $159 billion in assets across 40 million accounts at midyear 2025, marking 16% year-over-year asset growth, according to the 30th semi-annual market survey from Devenir, the leading investment solutions provider powering HSA programs nationwide.

Investment assets drove the expansion, rising 30% year-over-year to $73 billion. Investment assets now represent 46% of all HSA assets. The 4 million accounts holding investments grew 23% year-over-year, with these account holders averaging $22,635 in combined deposits and investments, nine times the $2,469 average of funded deposit-only accounts.

KFF 2025 Employer Health Benefits Survey

KFF has published it’s annual survey of private and non-federal public employers with three or more workers, which provides a current snapshot of employer-sponsored health benefits.

Key HSA related findings:

  • 36% of firms with 10 or more workers offering health benefits offer an HDHP/HRA, an HSA-qualified HDHP, or both. Among firms offering health benefits, 8% offer an HDHP/HRA and 31% offer an HSA-qualified HDHP. The percentage of firms offering an HDHP/SO is similar to last year.
  • The percentage of enrollees in HSA-qualified HDHPs in 2025 (29%) is higher than the percentage (22%) last year but is similar to the percentage (24%) five years ago.
  • The average annual premiums for workers in HSA-qualified HDHPs are $8,575 for single coverage and $25,303 for family coverage. These amounts are lower than the average single and family premiums for covered workers in plans that are not HDHP/SOs.

This Investing Move is the ‘Holy Grail of Retirement Planning,’ Advisor Says

As open enrollment arrives, millions of Americans face key decisions, such as picking health insurance. If the plan comes with access to health savings account, or HSA, contributions, you could use the funds for long-term investments, experts say.

While most workers spend HSA money on yearly out-of-pocket health expenses, a small percentage invests the balance, which can grow tax-free for future medical costs.

HSA Deposit Rate Update – September 2025

Over the past quarter, data collected from HSA Search showed HSA deposit rates increased from their previous levels. All three balance thresholds ticked up 0.01%. The $1,000 balance moved from 0.44% to 0.45%, the $10,000 balance ticked up from 0.54% to 0.55%, and the $25,000 balance went from 0.59% to 0.60%. Rates still appear to be relatively stable with a small increase or decrease of 0.01%-0.02% over the last year.

10 Things You Need to Know About Health Savings Accounts

If you don’t have many medical expenses now, you’ll be able to benefit even more from the tax advantages of a Health Savings Account, or HSA in the long term. You’ll get a tax break for your contributions, then you can build up a tax-free stash of money to help pay for medical expenses in the future — even after retirement.

Here are some things you may not know about HSAs, as well as some strategies to make the most of these plans.