The majority of this report was derived from the 2015 Midyear Devenir HSA Market Survey. This survey was conducted in order to continue to help shed light on the rapidly growing and evolving health savings account market. The survey was carried out in July, 2015 and primarily consisted of top 100 HSA providers in the health savings account market. All data was requested for the period ending on June 30th, 2015.
Key Findings
- HSA assets exceed $28 billion. The number of HSA accounts rose to 14.5 million, holding over $28.4 billion in assets, a year over year increase of 25% for HSA assets and 23% for accounts for the period of June 30th, 2014 to June 30th, 2015.
- Health plans remain the largest driver of growth. During first half of 2015, health plans were the leading driver of new account growth, accounting for 43% of new accounts.
- HSA investments continue to grow. HSA investment assets reached an estimated $3.8 billion in June, up 34% year over year. The average investment account holder has a $14,654 average total balance (deposit and investment account).
- Investors show compelling returns. Investors achieved an average annualized return of 11.3% on their HSA investments over the last 3 years.
Devenir projects that by the end of 2015 the HSA market will likely approach $30 billion in HSA assets covering more than 16 million accounts