Who's Raking in the HSA Dollars?
Devenir, a Minneapolis-based investment adviser and consultant that tracks the growth of HSAs, recently published its 2017 Health Savings Account (HSA) trends report. Devenir's survey is based on responses from the 100 largest HSA providers handling more than 16 million participant accounts. The survey shows a steady growth in HSA assets, reaching $45.2 billion last year — including $8.3 billion in investments. In 2016, total assets were $37 billion, including $5.5 billion in investments. For this year, Devenir predicts a total of $54.5 billion in HSA assets, including $10.5 billion in investments.
Which administrators are servicing the bulk of these assets? We did our best to find the most up to date information on HSA assets held by each administrator and the number of HSA accounts they service. The data presented in the charts below was gathered by scouring over press releases, blog posts, earnings reports, 10K's, and third party reports. HSA assets held by administrators are continually growing, therefore the charts below are not one-hundred percent accurate, but we hope to give you a general idea of which administrators are holding the bulk of the HSA assets out there.