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.