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.
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