Blog

As part of our continuing effort to inform investors about HSAs, we will be posting a three-part blog series comparing HSAs to 401(k)s for use as a retirement savings vehicle. While the two accounts are often compared at a high level, we take an in-depth look at the benefits and limitations of each account highlighting three reasons investing in an HSA is more nuanced than it’s 401(k) counter-part.

HSAs have become an important part of the healthcare retirement picture for millions of Americans as employers continue to realize the cost saving benefits of HSAs. Fidelity projects that a 65-year old couple retiring in 2017 would need approximately $275,000 in today's dollars to cover healthcare costs through retirement up 6% from from their 2016 estimate. Are HSA investors on track to meet this hurdle?

In keeping with our commitment to continued innovation, Devenir is excited to announce the introduction of browser-based mutual fund performance updates! Along with this enhancement, Devenir will be moving from quarterly to monthly fund performance updates for the browser-based format.

We published our latest quarterly analysis of how health savings accounts are faring amongst credit unions and it appears credit unions are continuing to contribute to the overall growth of the HSA market. According to the latest NCUA filings, as of March 31, 2017 credit unions held $1.52 billion in HSA deposits amongst, by our estimate, 608,000 accounts.

Welcome to the new Devenir blog! The Devenir team is excited to use this space to share our latest thoughts on what we are seeing out in the health savings account (HSA) marketplace and to keep you up to date on what we are working on at Devenir!