It looks like consumers are finally starting to drive their own health care.
A new report shows that just last year, Americans socked away a whopping $12.4 billion in 8.4 million health savings and reimbursement accounts last year. That’s up from 1.3 million accounts full of $873.4 million in assets just five years ago.
A few surprises
Statistical anomalies aside, this study still shows strong growth and wider acceptance of a burgeoning market. It also digs deeper than most surveys of this niche.
Heading into this dense survey, one would assume the economic malaise that’s plagued the rest of us for the last half decade would bleed over into health savings and reimbursement accounts. Just look at what kind of havoc it's wreaked on 401(k)s.