We've all seen the numbers: Health savings accounts just keep growing.

The still relatively new health savings vehicle has now grown toan estimated $18.1 billion in assets representing more than 9.1million accounts. That's a 29 percent increase in both accounts andassets in just one year, according to research from investment consulting firmDevenir.

Devenir said the average account balance continues gradualgrowth. The average balance halfway through 2013 grew to $1,981from $1,879 at the end 2012, roughly a 5 percent increase.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.