In 2024, Health Savings Account (HSA) assets in the US reached nearly $147 billion, across more than 39 million accounts, a 19% increase in assets and 5% in accounts compared to the previous year.

[Gunnar Larson]

In 2024, Health Savings Account (HSA)
<https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Health+Savings+Account+%28HSA%29&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIAxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3>
assets
in the US reached nearly $147 billion, across more than 39 million
accounts, a 19% increase in assets and 5% in accounts compared to the
previous year.
Here's a more detailed breakdown:

   - *Asset Growth:*
   - HSA assets grew to nearly $147 billion by the end of 2024, a 19%
      increase year-over-year.
      - HSA investment assets increased by 38%, reaching $64 billion by the
      end of 2024.
      - *Account Growth:*
   - The number of HSA accounts increased to more than 39 million, a 5%
      increase year-over-year.
      - *HSA Market Projections:*
   - Devenir projects that the HSA market will exceed 43 million accounts
      by the end of 2026, holding nearly $175 billion in assets.
      - *HSA Benefits:*
   - HSAs are tax-advantaged accounts that can be used to save for
      qualified medical expenses.
      - Funds contributed to an HSA are tax-deductible, and any earnings or
      interest on the assets are tax-free.
      - Distributions from an HSA can be used to pay for qualified medical
      expenses, and are tax-free.
      - HSAs can also be used for retirement planning, as funds can be used
      for qualified medical expenses in retirement.
      - *HSA Investment:*
   - You can invest HSA funds in a variety of mutual funds, stocks, bonds,
      ETFs, and more.
      - Any earnings on investments in your HSA are federally tax-free.
      - You can choose to invest a portion of your HSA funds and keep the
      rest in a cash account to cover current expenses.
      - *HSA Providers:*
   - HSA Bank
      
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is
      a division of Webster Bank, N.A.
      
<https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Webster+Bank%2C+N.A.&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIFRAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3>
      .
      - Other providers include Fidelity
      
<https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Fidelity&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAB&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3>
       and Bank of America
      
<https://www.google.com/search?client=ms-android-charter-us-revc&sca_esv=edec2e4b4572a4c0&cs=1&q=Bank+of+America&sa=X&ved=2ahUKEwjT7o_RosmMAxUvFVkFHY_-ExcQxccNegQIRxAC&mstk=AUtExfCEDMFXVORh-JeNzjW0TiF8LtDNhJj9EexBBvrVBTuYIglj7mvt1Yki96-6y31igLp_EFj0d6Jxkus3MshIOiPyJbyXjX_sfuIbybHOhap_HwBXReS7B2-L7dUnSpPNcOG8TGV6Vjsq1h3aCKQFRj9A0Pm_YiwkZf7CGn4wKMm_9VL0ckBHGjEgXljEc9hNHhAV&csui=3>
      .