Research

A lot has changed since we last wrote about HSA deposit rates. Inflation proved to be higher and stickier than Fed officials had previously thought, leading to the most aggressive rate hiking cycle in decades. So how has this impacted HSA deposit rates across the industry?

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.

Devenir released the results of its 25th semi-annual health savings account survey and resulting research report. Devenir found that there is about $104 billion saved in 35.5 million HSAs at the end of 2022.

Findings from the 2022 Year-End Devenir HSA Research Report containing health savings account (HSA) market statistics and insights as of December 31st, 2022.

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.