An HSA bursting through a dollar bill

Employees are increasing contributions to their health savings accounts (HSAs) ­— and more of them are investing those assets when given the opportunity.

That’s one major takeaway from the Plan Sponsor Council of America’s (PSCA) “2025 HSA Survey,” sponsored by HSA Bank and based on 2024 data compiled from about 600 employers that sponsor a program. The PSCA calls the survey the only one of its kind, as it provides benchmarking information on company-sponsored HSA programs and includes information about participation rates, employer contribution formulas, investments, design considerations, and administration considerations.

“The availability and use of health savings accounts continues to grow as contributions and account balances increased again in 2024,” according to the report’s Executive Summary. “More organizations are offering investments to employees, and more employees are using them, likely aiding in the growth of average accounts.”

Indeed, the survey shows that 20% of participants now invest their HSA savings, up from 18% the prior year. Additionally, two-thirds of employers now offer investments, a 12% increase over a two-year period.

Additional findings from the 2025 HSA Survey include:

  • Increased participation: Three-quarters of employees with an HSA made contributions to their accounts in 2024. Average contributions totaled $2,802 per participant in 2024, up from $2,609 in 2023 and $2,323 in 2022. 
  • Higher account balances: The average account balance at the end of 2024 was $6,489, up from $6,165 in the prior year, and $6,130 in 2022.
  • Employer contributions: Three-quarters of employers contribute to employee HSAs, with more than half (54.9%) providing a set amount per coverage level, while 27.4% provide a set amount per employee.
  • Automatic enrollment: More than 40% of organizations automatically enroll employees in an HSA if they enroll in the HSA-qualifying health option.
  • HSA rewards: More than 60% of large organizations reward employees for health and wellness program participation, and half do so with a contribution to the HSA.

The bad news? Employee education remains the most common concern of employers. Among 62% of employers that provide HSAs, almost the same number that offer education on these accounts do so only once a year during open enrollment periods, according to the survey. What’s more, only one-third of employers communicate with employees about the benefits of using their HSA as a retirement planning tool, and fewer than 1 in 3 HSA plans enable participants to view their balances alongside retirement accounts.

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