According to projections from Devenir, the HSA market is expected to grow in value from just under $54 billion in 2018 to nearly $75 billion in 2020. (Photo: Shutterstock)
Have employees fallen out of love with high-deductible health plans and health savings accounts? According to research from EBRI, after the significant gains HSA enrollment has seen since their inception in 2004, growth rates have been slowing down in recent years.
“We're not seeing tremendous growth rates anymore, but you are seeing strong growth when you look at administrative records from providers,” said Paul Fronstin, director of health and research education at EBRI in a recent webinar exploring the potential factors behind the lagging growth.
Related: IRS announces 2020 HSA limits
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
