Employee vs. Individual HSA Contributions

by Devenir | Originally posted here

Twice a year, Devenir releases findings from their semi-annual health savings account (HSA) research report. One interesting HSA datapoint that their team has been tracking is the behavior of accountholders who are associated with an employer group versus accountholders who are not. Over the last three years, employer associated HSAs have seen the highest average contributions. However, over the same period, we have seen individuals’ (those not associated with an employer) average contributions growing faster. As the year concludes, we are interested to see what impacts the COVID-19 pandemic may have had this year and will continue to have on HSA contributions in 2021. Will greater unemployment in certain areas of the economy impact the amount of employer contributions to HSAs? Will individuals save less in their HSA during 2020? Or will individuals save more to counter potential economic uncertainty?

Devenir will continue to monitor trends like these in the HSA marketplace and we look forward to publishing more insights. For more information, check out their 2020 Midyear Devenir HSA Research Report.