The majority of this report was derived from the 2017 Year-End Devenir HSA Market Survey. This survey was conducted in order to shed light on the rapidly growing and evolving health savings account market. The survey was carried out in January, 2018 and primarily consisted of top 100 HSA providers in the health savings account market. All data was requested for the period ending on December 31st, 2017.
Key Findings
- Strong HSA asset growth. The number of HSA accounts surpassed 22 million, holding about $45.2 billion in assets, a year-over-year increase of 22% for HSA assets and 11% for accounts for the year ended December 31st, 2017.
- HSA investments accelerate asset growth. A strong market helped propel HSA investment assets to an estimated $8.3 billion at the end of December, up 53% year-over-year. The average investment account holder has a $16,457 average total balance (deposit and investment account).
- Employer relationships become the largest driver of account growth. Direct employer relationships became the leading driver of new account growth, accounting for 41% new accounts opened in 2017.
Devenir currently projects that the HSA market will exceed $60 billion in HSA assets by the end of 2019, held among roughly 27.5 million accounts.
Media
