Research

HSA Investment Menu Design Trends

May 23, 2023 Research
We recently published a white paper sharing some of our views on HSA investment menu design. As a follow up to that piece, we thought it would be interesting to compare past and present HSA investment menus and see if there are any noticeable trends taking place on an industry-wide level. We looked at provider fund lineups as of 12/31/2022 and then went back 5 and 10 years for comparison. This post takes a look at some of the things that stood out to us.
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Top 20 HSA Market Concentration – 2022 Midyear Update

September 27, 2022 Research
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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A chart of the HSA market's HHI, showing increasing concentration in the industry over time