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HSA Research by Devenir

Latest Research

Current State of Health Savings Accounts

HSA Assets

$159 billion

Total Accounts

40 million

Total Investment Assets

$73 billion

Total Investment Accounts

4 million

Source: 2025 Midyear Devenir HSA Research Report

HSA Investing

A growing number of HSA accountholders have been investing in their HSAs to help maximize the tax treatment of HSAs and save for future healthcare expenses.

HSA Investment Accounts

4 million

HSA Investment Assets

$73 billion

Average Total Investment Account Balance (Deposits & Investments Combined)

$22,635

Source: 2025 Midyear Devenir HSA Research Report

Where are Health Savings Accounts?