MINNEAPOLIS (April 2, 2025) – Devenir, a national leader in investment solutions for Health Savings Accounts (HSAs), today released its 29th semi-annual Health Savings Account survey findings and resulting research report. Data collected during early 2025, covering the period ending December 31, 2024, reveals total HSA assets grew to nearly $147 billion across more than 39 million accounts.

“The sustained growth in both assets and participation demonstrates a growing awareness among consumers and employers of HSAs’ long-term value in managing healthcare costs,” said Jon Robb, SVP of Research and Technology at Devenir.

Key findings from the Devenir 2024 Year-End HSA Survey and resulting research report:

  • Consistent strong asset growth. Aided by favorable stock market conditions, HSA assets expanded significantly during 2024. Account growth continued at a steady pace. By year-end, HSA assets reached nearly $147 billion across over 39 million accounts, reflecting a year-over-year increase of 19% for assets and 5% for accounts.
  • Robust growth in HSA investment assets. HSA investment assets maintained strong growth, supported by positive market returns and growing recognition of HSAs’ long-term benefits. During 2024, HSA investment assets increased by 38%, reaching $64 billion by the end of the year.
  • Gradual investment adoption. The number of HSA holders choosing to invest continued to rise. Approximately 3.5 million HSAs, representing about 9% of all accounts, had invested a portion of their HSA dollars.
  • Balanced contribution and withdrawal activity. Account holders contributed almost $56 billion to their accounts in 2024 (up 11% from the previous year) and withdrew $42 billion during the same period (up 10% from the prior year).

Devenir projects continued growth in the HSA market, forecasting over 45 million accounts and approximately $199 billion in total assets by the end of 2027.

Click here to view the Executive Summary

Forward-looking statements are based on current expectations and assumptions derived from the 2024 Year-End Devenir HSA survey and other sources. They are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

Devenir

Since the inception of Health Savings Accounts, Devenir has specialized in delivering robust, tailored investment solutions. Our pioneering research and innovative tools have established us as a trusted authority within the consumer-driven healthcare market.

Today, Devenir is the preferred investment solutions provider for financial institutions, administrators, banks, and healthcare technology providers. Our deep market expertise and commitment to innovation empower our partners and their account holders.

Learn more about our research and solutions at devenir.com.

Contact
Devenir
Eric Remjeske
952-446-7400
[email protected]