Health savings account assets now top $73.5 billion

Health savings account assets now top $73.5 billion

The number of accounts has grown to more than 29 million in the past year

The value of the assets in health savings accounts increased 19% to $73.5 billion in the 12 months ended June 30, a survey from Devenir has found, while the number of HSAs increased by 12%, to more than 29 million.

The survey data were collected primarily from the nation’s top 100 providers of health savings accounts, according to Devenir, a company that provides investment solutions for the accounts.

In approximately 1.5 million HSA accounts, or about 5% of the total, the funds in the account are invested in securities, the study found.

[More: Clients are tapping HSAs amid COVID-19]

Recent Articles by Author

Carson Group acquires $200 million firm

Carson Group acquires $200 million firm

Doylestown-based Strategic Wealth Partners is Carson's first foray into Pennsylvania.

Q4 2020 Top Fixed Income Mutual Funds
Q4 2020 Top Equity Mutual Funds
Delaying RMDs would have minimal tax impact, study finds

Delaying RMDs would have minimal tax impact, study finds

TIAA Institute research paper finds that even eliminating RMDs would have little effect on government revenues and says the effect on retirees depends on whether they have a bequest motive.

Q4 2020 Top Equity ETFs
X
X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print