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Health savings account (HSA) balances increased by a modest $400 between 2019 and 2020, the Employee Benefit Research Institute reported this week. But average annual contributions fell 2% from an all-time high of $2,041 to $1,995, and average annual distributions plummeted to a record low of $1,714.

EBRI noted that lower HSA contributions could reflect pandemic-related employment concerns, and distribution declines may owe to fewer people seeking routine medical care during the pandemic.

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