Employers contribute Avg. of $920 Per Year Employee HSA Accounts

HelloWallet recently released a study on the economics of Health Savings Accounts (HSA). Here are some key findings from the report:

·         HSA adoption among large employers has increased from 1% in 2001 to 56% in 2013.

·         The average HSA account holder has a household income of $88,750 and contributes $1092 per year.

·         Employers contribute an average of $920 per year to an employee's HSA account.

·         29% of HSA account holders spend 75% or more of their balance per year.

·         Of the 2% HSA account holders who invest 1% of their balance, 13% will max out their accounts.

·         An employee will contribute $0.24 for every $1 contributed by an employer.

Source: HelloWallet, July 14, 2015