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Health Savings Accounts continue to grow

According to a recent survey by Devenir, an investment firm that specializes in providing investment options for HSAs, HSAs are estimated to have grown to more than $14.1 billion in assets representing 7.1 million accounts through June 30th,2012 .

In addition, average account balances in the first half of 2012 grew to $1,996 from $1,807 at the end of 2011, a 10% increase. Eliminating identified zero balance accounts that average rises to $2,176. Across the industry HSA accountholders have retained 30% of their contributions so far in 2012 up from 24% during calendar 2011.

The Denivir mid year survey also found that HSA investment assets reached an estimated $1.3 billion in June, a 35% increase since the end of 2011 and 51% increase from June 30th, 2011.

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