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Health Savings Accounts

HSA assets increase 20% for year ended June 30, totaling $51.4 billion

HSA assets rose 20% to $51.4 billion for the year ended June 30, according to a research report by Devenir Group, an HSA research and consulting firm.

Of the total HSA assets, an estimated $9.8 billion, or 19%, represented investment assets. Investment assets grew 45% from June 30, 2017, said the report, which was published Aug. 22.

The number of HSAs accounts rose to 23.4 million as of June 30, up 11.2% from June 30, 2017.

Devenir predicted that total HSA assets would reach $54 billion by year-end 2018, of which $10.9 billion, or 20.2%. would be investment assets.

The survey, conducted in July, covers the 100 largest HSA providers; the information is self-reported by the providers.