HSA News for April 7, 2025
HSA news is compiled weekly by Mr. HSA, Roy Ramthun.
HSA Studies & Analysis
HSA Assets Reached Nearly $147B in 2024
A new report by Devenir reveals total HSA assets grew to nearly $147 billion across more than 39 million accounts as of the end of 2024, reflecting a year-over-year increase of 19% for assets and 5% for accounts. Devenir projects continued growth in the HSA market, forecasting over 45 million accounts and approximately $199 billion in total assets by the end of 2027.
2024 Year-End Devenir HSA Research Report
HSA investment assets maintained strong growth, supported by positive market returns and growing recognition of HSAs’ long-term benefits. During 2024, HSA investment assets increased by 38%, reaching $64 billion by the end of the year, and the number of HSA holders choosing to invest continued to rise. Approximately 3.5 million HSAs, representing about 9% of all accounts, had invested a portion of their HSA dollars.
Compliance Corner
What Can’t a Health Savings Account Do? It Depends on Who You Ask.
Americans with HSAs and FSAs are finding ways to use these accounts more creatively. Some now use the money to pay for preventive health services and goods such as meal plans, fitness trackers, gym memberships, and nutrition help. Some are even pushing the bounds into wellness products. In other cases, people are using the money in a much savvier way.
Does a Disease-Management Program Disqualify You from Funding Your HSA?
My insurer offers a disease-management program to help members manage chronic conditions. Does this program affect my ability to open and fund an HSA? Although it depends on the content, most disease-management programs do not provide substantial medical benefits and therefore aren’t disqualifying. But you should check to be sure.
The Benefits - and, Yes, Potential Pitfalls - of a Spousal Coverage HRA Versus Taxable Cash
A Spousal Coverage HRA can be a problem for families that want to open and fund an HSA because an HRA is disqualifying coverage for HSA owners unless the HRA itself has an HSA-qualified design. One solution is to offer a Post-Deductible design for workers who are HSA-eligible and another option for those that aren't.
HSAs & Retirement
The Three Biggest Fears Keeping Retirees Up at Night
Retirement isn’t a carefree experience for everyone. Fears about money and health loom large, compounded by the uncertainty of what the future holds. But you retirement doesn’t have to be shadowed by anxiety. Here are the biggest financial fears retirees face and the steps you can take to retire with confidence and fearlessly enjoy the life you’ve planned.
Long-Term Care Planning: What Gen X Needs To Know Now
As members of Generation X prepare for the decades ahead, they need to consider the potential circumstances and challenges that could impact their well-being in retirement. Namely, the future need for long-term care. In fact, someone who is 65 years old has a 70% chance of needing long-term care in their lifetime. Here are some critical insights and tips for long-term care planning in your 40s and 50s.
Crafting the Perfect Retirement Portfolio: A Financial Advisor's Dilemma
The small but mighty HSA is often overlooked when it comes to retirement planning, advisors say. Thanks to its triple-tax-advantaged structure, the HSA is one of the most powerful retirement accounts available to workers. Although going the HSA path could incur more out-of-pocket expenses in the short term, advisors say it's hard to beat the long-term tax advantages.
Maximizing Your HSA
I Used to Think a Health Savings Account Was Irrelevant, But These 8 Benefits Turned Me Into a Believer
I used to brush off the idea of an HSA. However, the HSA actually turns out to be one of those tax-advantaged tools that, in some ways, can be better than other options like 401(k) plans to save as much money as possible come tax season. Here are 8 things investors may want to know about this key investing tool.
How Caregivers for Adults Can Save on Taxes in 2025
As a caregiver, you could incur significant medical costs for an adult dependent. Fortunately, HSAs and FSAs offer a way to save for medical costs, but each account has slightly different eligibility requirements. Depending on your tax situation, one account may be more advantageous to you. Consult with a qualified tax professional to determine the best option.
Consumer-Driven Health Care
How Much Will That Surgery Cost? Hospital Prices Remain Largely Unhelpful.
Among the flurry of executive orders President Trump signed during his first five weeks back in office was a promise to give patients accurate health care prices. Trump’s order is a symbol of how little progress the country has made since he issued a similar directive nearly six years ago. Consumers find it only partially useful, and the quality of the information is spotty.