The majority of this report was derived from the 2015 Year-End 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 January, 2016 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, 2015.
Key Findings
- HSA assets cross $30 billion threshold. The number of HSA accounts rose to 16.7 million, holding almost $30.2 billion in assets, a year over year increase of 25% for HSA assets and 22% for accounts for the period of December 31st, 2014 to December 31st, 2015.
- HSA investments continue to grow. HSA investment assets reached an estimated $4.2 billion in December, up 33% year over year. The average investment account holder has a $14,035 average total balance (deposit and investment account).
- Health plans are the largest driver of growth. During 2015, health plans continued as the leading driver of new account growth, accounting for 36% of new accounts.
Devenir projects that by the end of 2018 the HSA market will likely exceed $50 billion in HSA assets covering almost 30 million accounts.
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