Research

The HSA marketplace consists of providers from a variety of backgrounds from health plans, banks & credit unions, to technology providers. In addition to the wide range of business models, HSA providers come in many sizes as well.

Devenir’s quarterly credit union HSA update finds over $1.9 billion in HSA deposits were held in credit unions as of 6/30/2020.

Findings from the 2020 Midyear Devenir HSA Research Report containing health savings account (HSA) market statistics as of June 30th, 2020.

Devenir, a national leader in providing investment solutions for HSAs, released the results of its 20th semi-annual health savings account survey and resulting research report. Devenir found that the number of HSAs has grown to now exceed 29 million, holding an estimated $73.5 billion in assets halfway through 2020.

Devenir, as part of our continued monitoring of the health savings account (HSA) marketplace, has been tracking HSA deposit rates. Since our last update, average deposit rates for the top 20 HSA providers in the marketplace have remained fairly steady with only a slight decline for both the one-thousand and ten-thousand dollar balance levels.