The majority of this report was derived from the 2017 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, 2017 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, 2017.
Key Findings
- Strong HSA asset growth. The number of HSA accounts surpassed 21 million, holding about $42.7 billion in assets, a year over year increase of 23% for HSA assets and 16% for accounts for the period of June 30th, 2016 to June 30th, 2017.
- HSA investments see substantial growth. HSA investment assets reached an estimated $6.8 billion in June, up 44% year over year. The average investment account holder has a $15,146 average total balance (deposit and investment account).
- Health plans remain the largest driver of account growth. Health plan partnerships continued as the leading driver of new account growth, accounting for 36% new accounts opened in 2017 so far.
Devenir currently projects that the HSA market will exceed $60 billion in HSA assets by the end of 2019, held amongst nearly 30 million accounts.
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