HSA Assets Grew To $18.1 Billion At End Of Second Quarter In 2013

Health savings account (HSA) assets have grown to $18.1 billion by the end of the second quarter of 2013, according to the Sixth Semi-Annual Health Savings Accounts Survey from Devenir. This represents over 9.1 million accounts by midyear 2013—a 29 percent increase for both accounts and assets since June 30, 2012.

The survey also found the following:

Average account balance continues gradual growth. The average account balance grew from $1,879 in 2012 to $1,981 in 2013, over a 5 percent increase. When zero balance accounts were eliminated, the average account balance rises to $2,228, an almost 3 percent year over year increase.

HSA contributions rise. Total contributions to HSA accounts from June 2012 to June 2013 are estimated to have reached $16.7 billion, with accountholders retaining about 23 percent of those contributions.

HSA investment dollars see steady growth. HSA investment assets reached an estimated $2 billion in June, up 14 percent from the end of 2012 and 26 percent year over year. The average investment account holder has a $10,484 average total balance (deposit and investment account).

“Both employers and employees contributed record amounts to HSAs over the last year, with large employers in particular making significant contributions to their employee’s HSA accounts in an effort to help drive adoption,” said Jon Robb, vice president of research at Devenir.

For more information, visit http://www.devenir.com.

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