Balances in HSAs — tax-advantaged medical savings accounts — grew to some $11.7 billion in total assets, reflecting a 31% increase from the same time last year, according to data from Devenir Group LLC. Meanwhile, the total number of HSA accounts grew to 6.3 million, up 28% from the same period.
Congratulations to our very own Eric Remjeske who was recognized as a CDHC Solutions Superstar for his tremendous leadership in the consumer driven healthcare industry.
HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006
Individuals contributed $754 million nationally to HSAs in 2005 and withdrew $360 million, according to the GAO. Because HSAs have only been available in their current form since 2004, balances are still relatively small.
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