The majority of this report was derived from the 2020 Devenir & HSA Council Demographic Survey. The survey data was primarily collected in April of 2021 and largely consisted of top 20 providers in the health savings account market, with all data being collected for the period ending on December 31st, 2020.
- Over 60 million covered by an HSA. Devenir estimates that the 30 million health savings accounts as of December 31st, 2020 helped cover 63 million people.
- Millennials embrace HSAs. Younger consumers have embraced health savings accounts, with almost 1 in 5 Americans in their 30s having an HSA.
- Older Americans accumulate meaningful HSA assets. Account holders older than 50 years old held over $44 billion in their accounts at the end of 2020, with an average balance of $4,321.
- Across the country. HSAs are being utilized in every state and territory of the country. In some states, as much as 77% of the privately insured population is covered by an HSA.