Continued Adoption of Health Savings Accounts Drives Assets to over $27 Billion in January

MINNEAPOLIS — According to the 9th semi-annual Health Savings Accounts (HSAs) survey and resulting research report conducted by Devenir, HSAs have grown to an estimated $24 billion in assets and 13.8 million accounts at year-end 2014 and have grown to well over $27 billion in assets during the month of January.

The survey data was collected between January and February of 2015 and primarily consisted of top 100 HSA providers in the health savings account market, with all data being collected for the December 31st, 2014 period as well as top line data for January 2015 month end.

Key findings from the Devenir Year-End 2014 HSA Survey and resulting research report:

  • HSA accounts approach 14 million. HSA accounts rose to 13.8 million, holding over $24 billion, a year over year increase of 25% for HSA assets and 29% for accounts for the period of December 31st, 2013 to December 31st, 2014.
  • Health plans drive growth During 2014, health plans were the leading driver of new account growth, accounting for 35% of new accounts.
  • Continued strong market fuels HSA investment growth. HSA investment assets reached an estimated $3.2 billion in December, up 40% year over year. The average investment account holder has a $12,995 average total balance (deposit and investment account).
  • Investors show solid returns. Investors achieved an average annualized return of 11.9% on their HSA investments over the last 3 years.

Devenir projects that by the end of 2015 the HSA market will likely approach $30 billion in HSA assets covering more than 16 million accounts.

Click here to view the Executive Summary on Devenir’s Site

Projections derived from 2014 Year-End Devenir HSA Market Survey, press releases, previous market research, and market growth rates. Projections are barring any regulatory or market environment changes.

Forward-looking statements are based on current expectations and assumptions based on historical growth, the economy, other future conditions and forecasts of future events, circumstances and results.

About Devenir

Devenir, based in Minneapolis, is a national leader in providing customized investment solutions to the HSA custodian marketplace. As an HSA industry leading investment firm, Devenir offers a host of investment options to suit the unique needs of employers, banks, third party administrators and plan participants.

Eric Remjeske
[email protected]