J.P. Morgan has exceeded more than one million health savings accounts, the largest pool in eight years, the firm said Wednesday.
They cited a number of factors—including health care reform, higher deductibles, rising health care costs and continued tax benefits—as reasons that have spurred HSA growth.
The average balance in 2012 for new HSA accounts also rose to its highest level in eight years growing 2 percent from 2011 to $1,009. And the average HSA balance in 2012 was $1,736, up 6 percent from 2011.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
