Halfway through 2021, assets in health savings accounts totaled $92.9 billion, a year-over-year increase of 26%, according to a study by Devenir, a Minneapolis-based HSA specialist.
The study found that almost $24 billion was contributed to health savings accounts during the first half of the year and that there are now more than 31 million HSAs, up 6% over the same year-over-year period.
The survey data, collected mostly in July from the top 100 providers in the HSA market, all reflect the period ending June 30, Devenir said in a release.
During the first half, HSA account holders withdrew more $16 billion from their accounts, down 1% from the withdrawals during the same period in 2020.
More investing is occurring in the accounts, according to the study, with almost 2 million accounts, more than 6% of the total, investing some of the money in the account.
Devenir currently expects that by the end of 2023, there will be more than 36 million HSAs holding over $131 billion in assets.
President meets with ‘highly overrated globalist’ at the White House.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
