In 2024, Health Savings Account (HSA) assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year.
In 2024, Health Savings Account (HSA) <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year. Here's a more detailed breakdown: - *Asset Growth:* - HSA assets grew to nearly $147 billion by the end of 2024, a 19% increase year-over-year. - HSA investment assets increased by 38%, reaching $64 billion by the end of 2024. - *Account Growth:* - The number of HSA accounts increased to more than 39 million, a 5% increase year-over-year. - *HSA Market Projections:* - Devenir projects that the HSA market will exceed 43 million accounts by the end of 2026, holding nearly $175 billion in assets. - *HSA Benefits:* - HSAs are tax-advantaged accounts that can be used to save for qualified medical expenses. - Funds contributed to an HSA are tax-deductible, and any earnings or interest on the assets are tax-free. - Distributions from an HSA can be used to pay for qualified medical expenses, and are tax-free. - HSAs can also be used for retirement planning, as funds can be used for qualified medical expenses in retirement. - *HSA Investment:* - You can invest HSA funds in a variety of mutual funds, stocks, bonds, ETFs, and more. - Any earnings on investments in your HSA are federally tax-free. - You can choose to invest a portion of your HSA funds and keep the rest in a cash account to cover current expenses. - *HSA Providers:* - HSA Bank <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=HSA+Bank&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> is a division of Webster Bank, N.A. <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> . - Other providers include Fidelity <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> and Bank of America <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> .
In 2024, Health Savings Account (HSA) <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year. Here's a more detailed breakdown: - *Asset Growth:* - HSA assets grew to nearly $147 billion by the end of 2024, a 19% increase year-over-year. - HSA investment assets increased by 38%, reaching $64 billion by the end of 2024. - *Account Growth:* - The number of HSA accounts increased to more than 39 million, a 5% increase year-over-year. - *HSA Market Projections:* - Devenir projects that the HSA market will exceed 43 million accounts by the end of 2026, holding nearly $175 billion in assets. - *HSA Benefits:* - HSAs are tax-advantaged accounts that can be used to save for qualified medical expenses. - Funds contributed to an HSA are tax-deductible, and any earnings or interest on the assets are tax-free. - Distributions from an HSA can be used to pay for qualified medical expenses, and are tax-free. - HSAs can also be used for retirement planning, as funds can be used for qualified medical expenses in retirement. - *HSA Investment:* - You can invest HSA funds in a variety of mutual funds, stocks, bonds, ETFs, and more. - Any earnings on investments in your HSA are federally tax-free. - You can choose to invest a portion of your HSA funds and keep the rest in a cash account to cover current expenses. - *HSA Providers:* - HSA Bank <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=HSA+Bank&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> is a division of Webster Bank, N.A. <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> . - Other providers include Fidelity <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> and Bank of America <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> .
In 2024, Health Savings Account (HSA) <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year. Here's a more detailed breakdown: - *Asset Growth:* - HSA assets grew to nearly $147 billion by the end of 2024, a 19% increase year-over-year. - HSA investment assets increased by 38%, reaching $64 billion by the end of 2024. - *Account Growth:* - The number of HSA accounts increased to more than 39 million, a 5% increase year-over-year. - *HSA Market Projections:* - Devenir projects that the HSA market will exceed 43 million accounts by the end of 2026, holding nearly $175 billion in assets. - *HSA Benefits:* - HSAs are tax-advantaged accounts that can be used to save for qualified medical expenses. - Funds contributed to an HSA are tax-deductible, and any earnings or interest on the assets are tax-free. - Distributions from an HSA can be used to pay for qualified medical expenses, and are tax-free. - HSAs can also be used for retirement planning, as funds can be used for qualified medical expenses in retirement. - *HSA Investment:* - You can invest HSA funds in a variety of mutual funds, stocks, bonds, ETFs, and more. - Any earnings on investments in your HSA are federally tax-free. - You can choose to invest a portion of your HSA funds and keep the rest in a cash account to cover current expenses. - *HSA Providers:* - HSA Bank <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=HSA+Bank&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> is a division of Webster Bank, N.A. <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> . - Other providers include Fidelity <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> and Bank of America <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> .
In 2024, Health Savings Account (HSA) <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year. Here's a more detailed breakdown: - *Asset Growth:* - HSA assets grew to nearly $147 billion by the end of 2024, a 19% increase year-over-year. - HSA investment assets increased by 38%, reaching $64 billion by the end of 2024. - *Account Growth:* - The number of HSA accounts increased to more than 39 million, a 5% increase year-over-year. - *HSA Market Projections:* - Devenir projects that the HSA market will exceed 43 million accounts by the end of 2026, holding nearly $175 billion in assets. - *HSA Benefits:* - HSAs are tax-advantaged accounts that can be used to save for qualified medical expenses. - Funds contributed to an HSA are tax-deductible, and any earnings or interest on the assets are tax-free. - Distributions from an HSA can be used to pay for qualified medical expenses, and are tax-free. - HSAs can also be used for retirement planning, as funds can be used for qualified medical expenses in retirement. - *HSA Investment:* - You can invest HSA funds in a variety of mutual funds, stocks, bonds, ETFs, and more. - Any earnings on investments in your HSA are federally tax-free. - You can choose to invest a portion of your HSA funds and keep the rest in a cash account to cover current expenses. - *HSA Providers:* - HSA Bank <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=HSA+Bank&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> is a division of Webster Bank, N.A. <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> . - Other providers include Fidelity <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> and Bank of America <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> .
In 2024, Health Savings Account (HSA) <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year. Here's a more detailed breakdown: - *Asset Growth:* - HSA assets grew to nearly $147 billion by the end of 2024, a 19% increase year-over-year. - HSA investment assets increased by 38%, reaching $64 billion by the end of 2024. - *Account Growth:* - The number of HSA accounts increased to more than 39 million, a 5% increase year-over-year. - *HSA Market Projections:* - Devenir projects that the HSA market will exceed 43 million accounts by the end of 2026, holding nearly $175 billion in assets. - *HSA Benefits:* - HSAs are tax-advantaged accounts that can be used to save for qualified medical expenses. - Funds contributed to an HSA are tax-deductible, and any earnings or interest on the assets are tax-free. - Distributions from an HSA can be used to pay for qualified medical expenses, and are tax-free. - HSAs can also be used for retirement planning, as funds can be used for qualified medical expenses in retirement. - *HSA Investment:* - You can invest HSA funds in a variety of mutual funds, stocks, bonds, ETFs, and more. - Any earnings on investments in your HSA are federally tax-free. - You can choose to invest a portion of your HSA funds and keep the rest in a cash account to cover current expenses. - *HSA Providers:* - HSA Bank <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=HSA+Bank&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> is a division of Webster Bank, N.A. <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> . - Other providers include Fidelity <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> and Bank of America <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> .
In 2024, Health Savings Account (HSA) <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year. Here's a more detailed breakdown: - *Asset Growth:* - HSA assets grew to nearly $147 billion by the end of 2024, a 19% increase year-over-year. - HSA investment assets increased by 38%, reaching $64 billion by the end of 2024. - *Account Growth:* - The number of HSA accounts increased to more than 39 million, a 5% increase year-over-year. - *HSA Market Projections:* - Devenir projects that the HSA market will exceed 43 million accounts by the end of 2026, holding nearly $175 billion in assets. - *HSA Benefits:* - HSAs are tax-advantaged accounts that can be used to save for qualified medical expenses. - Funds contributed to an HSA are tax-deductible, and any earnings or interest on the assets are tax-free. - Distributions from an HSA can be used to pay for qualified medical expenses, and are tax-free. - HSAs can also be used for retirement planning, as funds can be used for qualified medical expenses in retirement. - *HSA Investment:* - You can invest HSA funds in a variety of mutual funds, stocks, bonds, ETFs, and more. - Any earnings on investments in your HSA are federally tax-free. - You can choose to invest a portion of your HSA funds and keep the rest in a cash account to cover current expenses. - *HSA Providers:* - HSA Bank <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=HSA+Bank&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> is a division of Webster Bank, N.A. <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> . - Other providers include Fidelity <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> and Bank of America <https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3> .
participants (1)
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Gunnar Larson