stylized green HSA card with bandage on it (Photo: Shutterstock)

Despite many consumers not properly planning for future health care expenses, health savings accounts (HSAs) are more popular—and valuable—than ever, according to the 2020 Midyear HSA Market Statistics & Trends report by Devenir Research. The report is primarily based on the 2020 Midyear Devenir HSA Market Survey of 100 health providers, conducted by Devenir in July 2020.

The report estimates that the overall value of HSAs, representing both investments and deposits, will hit $77.8 billion in 2020, up around 19% from $65.9 billion in 2019. The value of these accounts is also predicted to increase to just under $105 billion by 2022.

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