JAN 29, 2013 6:30pm ET

Survey Assesses the Growing HSA Market

Health savings accounts across the nation grew 22 percent to more than 8.2 million in 2012, as total HSA assets rose 27 percent to $15.5 billion, according to HSA investment firm Devenir in its fifth year of tracking the market.

The firm conducted a survey in January, primarily among the 50 largest providers of HSAs. Average account balances at the end of 2012 rose 4 percent from the year earlier, to $1,879. Total contributions to HSA accounts hit an estimated $13.2 billion with account holders retaining about 23 percent. Devenir estimates year-end HSA investment assets of $1.7 billion, up 55 percent from 2011.

Surveyed HSA providers project HSA asset growth of 22 percent again in 2013, and Devenir estimates the HSA market to reach $26 billion in assets by the end of 2015. For an executive summary, click here.

Consumer Health