Devenir.com

HSA Assets Approach $100 Billion Through First Half of 2021

WEBThe survey data was primarily collected in July of 2021 and largely consisted of top 100 HSA providers in the health savings account market, with all data being collected for the period ending on June 30 th, 2021. “An increasing awareness of the role HSAs can play in planning for retirement healthcare costs and a strong stock market led to HSA …

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URL: https://www.devenir.com/hsa-assets-approach-100-billion-through-first-half-of-2021/

$104 Billion Saved In Health Savings Accounts For Future Medical

WEBMINNEAPOLIS (March 30, 2023) – Devenir, a national leader in providing investment solutions for health savings accounts (HSAs), released today the results of its 25th semi-annual health savings account survey and resulting research report.Devenir found that there is about $104 billion saved in 35.5 million HSAs at the end of 2022. The survey …

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HSAs gain traction with older and younger Americans alike

WEBThe survey data was primarily collected in April of 2021 and largely consisted of top 20 providers in the health savings account market, with all data being collected for the period ending on December 31st, 2020.

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HSA Assets Hit $100 Billion Milestone

WEBThe survey data was primarily collected in January of 2022 for the period ending on December 31st, 2021. “Over the past 11 years healthcare consumers have contributed almost $300 billion to their HSAs, used their HSA to pay for over $200 billion in medical expenses, and have now accumulated over $100 billion in savings for future …

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Devenir Report Forecasts Health Savings Account Assets to Exceed …

WEBHSA contributions continue to rise. Account holders contributed almost $24 billion to their accounts in the first half of 2020, up 7% from the year prior. Devenir currently projects that the HSA market will be approaching 35 million accounts by the end of 2022, holding over $100 billion in assets.

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2020 Devenir & HSA Council Demographic Survey

WEBOver 60 million covered by an HSA. Devenir estimates that the 30 million health savings accounts as of December 31st, 2020 helped cover 63 million people. Millennials embrace HSAs. Younger consumers have embraced health savings accounts, with almost 1 in 5 Americans in their 30s having an HSA. Older Americans accumulate …

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2020 Year-End Devenir HSA Research Report

WEBHSA investment asset growth soars. Fueled by strong market gains in the second half of 2020, HSA investment assets soared to an estimated $23.8 billion at the end of December, up 52% year-over-year. On average, investment account holders hold a $17,926 total balance (deposits and investments combined). Interest in HSA investing …

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New Survey: HSAs Cover Record Number of Americans in 2022

WEBMINNEAPOLIS (July 13, 2023) – Devenir and the American Bankers Association’s Health Savings Account Council today released the results of the 3 rd annual Devenir & HSA Council Demographic Survey and resulting research report. The survey found that the 35.5 million health savings accounts that existed at the end of 2022 helped cover a record …

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Devenir Reports HSA Industry Holds $116 Billion as it Approaches …

WEBDevenir found that there is about $116 billion saved in almost 36 million HSAs at the halfway point of 2023. The survey data was primarily collected in July of 2023 for the period ending on June 30 th, 2023. “As Health Savings Accounts near their 20th year, they have become a vital financial tool for nearly 36 million people, holding $116

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Health Savings Accounts Continue Strong Growth: HSA Assets

WEBMarch 3, 2020. Devenir HSA Survey Research. Total HSA assets reached $65.9 billion, a 23% increase year-over-year. HSA dollars that were invested soared to $15.7 billion, up 54% year-over-year. There are now 28.3 million health savings accounts, a 13% increase year-over-year. Over $38.8 billion was contributed to health savings accounts in 2019

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HSAs + Investments: A Powerful Savings Combination

WEBAs health savings accounts (HSAs) continue to grow in popularity and the number of accounts steadily increases (see Devenir’s 2020 HSA Year End Research Report), financial institutions are starting to realize the full value of these accounts.However, as the HSA market becomes more competitive, providers must find new ways to …

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Health Savings Accounts Hold Over $61 Billion For Future

WEBThere are now over 26 million health savings accounts, holding $61.7 billion in assets, a year-over-year increase of 12% for accounts and 20% for HSA assets for the period ending June 30th, 2019. HSA investment asset growth rebounds. Strong market tailwinds propelled HSA investment assets to an estimated $13.3 billion at the end of …

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2022 Devenir & HSA Council Demographic Survey

WEBNearly 72 million covered by an HSA. Devenir estimates that as of December 31st, 2022, there were 35.5 million HSAs, covering almost 72 million people, up from 67 million in 2021. Millennials continue to embrace HSAs. Health savings accounts continue to be embraced by younger consumers. About 1 in 5 Americans in their 30s had a health …

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2020 Midyear Devenir HSA Research Report

WEBHSA investment asset growth continues. Despite a turbulent start to the first half of 2020, HSA investment assets increased to an estimated $17.6 billion at the end of June, up 32% year-over-year. On average, investment account holders hold a $15,445 total balance (deposits and investments combined). HSA investing accelerates.

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Devenir HSA Newsletter: March 2024

WEBEach month Devenir highlights a selection of articles to keep you in the know of the latest trends and developments in the HSA marketplace. A summary of the articles included in the March 2024 edition: BofA Report Finds 401 (k) Account Balances Increased by 15% in 2023, Health Savings Account Balances Increased by 11%.

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Devenir Releases Viewpoints White Paper – Best Practices: HSA

WEBApril 18, 2023. Press Releases. MINNEAPOLIS — Devenir, a market leader in HSA investments, has released a white paper Viewpoint exploring best practices for health savings account (HSA) investment menu design. HSA investments have seen significant growth since the inception of HSAs nearly 20 years ago and continues to draw wide …

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Devenir HSA Newsletter: January 2024

WEBLetting people who are signed up for Medicare contribute to HSAs would account for $8.5 billion of the increase. Boosting the HSA contribution limit to $7,500, from $3,850, for self-only coverage and to $15,000, from $7,750, for family coverage would add $44 billion to the deficit.

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Ascensus and Devenir Partner to Offer Health Savings Account …

WEBDevenir. Eric Remjeske. 952-446-7400. [email protected]. Ascensus announced that it has partnered with Devenir to offer the Devenir myHSAinvestments solution and private-labeled HSA investment platform.

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2021 Devenir & HSA Council Demographic Report

WEBThe majority of this report was derived from the 2021 Devenir & HSA Council Demographic Survey. The survey was carried out in April 2022, and largely consisted of top 20 providers in the health savings account market. All data was requested for the period ending on December 31st, 2021. Survey responses are self-reported by each HSA provider.

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Keeping Up With Healthcare Inflation

WEBInflation, inflation, inflation. War, a pandemic, supply chain constraints, and other factors are coming together to produce the highest levels of inflation that the U.S. has seen since the 1980’s.

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