2012 Year-End HSA Market Statistics & Trends

Key Findings

  • Compelling account and asset growth. HSAs continue to see strong growth as the total number of HSA accounts rose to nearly 8.2 million with assets totaling nearly $15.5 billion, a year over year increase of almost 22% for accounts and a 27% increase in assets for the period from December 31st, 2011 to December 31st, 2012.
  • Average account balance steadily grows. The average account balance at the end of 2012 grew to $1,879 from $1,807 at the end 2011, a 4% increase. When you eliminate identified zero balance accounts that average rises to $2,283, a 7% year over year increase.
  • HSA contributions exceed $13 billion in 2012. Total contributions to HSA accounts are estimated to almost have reached $13.2 billion in 2012, with accountholders retaining about 23% of those contributions.
  • HSA investment growth accelerates. HSA investment assets reached an estimated $1.7 billion in December, up 55% from the end of 2011. The average investment account holder has an $8,918 average total balance (deposit and investment account).

Source: The majority of this report was derived from the Year-End Devenir HSA Market Survey. The survey was carried out in January, 2013 and primarily consisted of top 50 HSA providers in the health savings account market. All data was requested for the period ending on December 31st, 2012.