The majority of this report was derived from the 2019 Midyear Devenir HSA Market Survey. This survey was conducted to shed light on the rapidly growing and evolving health savings account market. The survey was carried out in July, 2019 and primarily consisted of top 100 HSA providers in the health savings account market. All data was requested for the period ending on June 30th, 2019.
- HSA assets surpass $60 billion. There are now over 26 million health savings accounts, holding $61.7 billion in assets, a year-over-year increase of 12% for accounts and 20% for HSA assets for the period ending June 30th, 2019.
- HSA investment asset growth rebounds. Strong market tailwinds propelled HSA investment assets to an estimated $13.3 billion at the end of June, up 35% year-over-year. On average, investment account holders hold a $15,982 total balance (deposit and investment account).
- Over one million HSAs investing. There are now over one million accounts that are investing a portion of their HSA dollars, representing a little over 4% of all accounts.
- HSA contributions continue to rise. Account holders contributed over $22 billion to their accounts in the first six months of 2019, up 12% from the year prior.
Devenir projects that, by the end of 2021, the HSA market will approach $88 billion in HSA assets held by over 30 million accounts.
For more details, download the report