At a Glance | February 27, 2020 Fifteen Years of HSA Accountholder Behavior The EBRI HSA Database contains data on 9.8 million accounts 1 with total assets of $22.8 billion. IN V E S TMENT S Presence of Investments Other Than Cash By Number of Years Account Was Open for, 2018 The longer an account had been open, the more likely it was to have investments other than 17% cash. The initially low rate of 13% investing may be due to the 12% 12% 12% 11% 10% 10% 10% 9% 9% fact that most HSA providers 8% 6% require that account balances 4% 2% reach a minimum threshold before part of the account can be invested. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 or more Years HSA Owned CONTRIBUTIONS Annual Average Individual Contributions to HSAs By Number of Years Account Was Open for, 2018 Individual contributions in 2018 were higher the longer $4.9k $4.3k an account owner had an $4k $3.7k $3.4k $3.4k account. They averaged $3.2k $3.1k $2.9k $1,166 among accounts open $2.5k $2.6k $2.3k $2.1k for one year but averaged $1.8k $1.2k $3,355 among accounts open for 10 years, continuing to increase thereafter. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 or Years HSA Owned more DIS TRIBUTIONS Annual Average Distributions From HSAs By Number of Years Account Was Open for, 2018 The higher distributions associated with older accounts may suggest that individuals $3.7k have been actively building $3.3k $3.2k $2.9k $2.8k $2.7k $2.7k up their account balances over $2.6k $2.5k $2.2k $2.1k $2k time, and, as major health $1.8k $1.6k expenses have been incurred, $1.1k account owners have been able to then take larger distributions. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 or Years HSA Owned more 1 As of Dec. 31, 2018. SOURCE: Paul Fronstin and Jake Spiegel, “Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011–2018: Estimates From the EBRI HSA Database,” EBRI Issue Brief, no. 497 (Employee Benefit Research Institute, January 9, 2020). © 2020 EBRI This report is copyrighted by the Employee Benefit Research Institute (EBRI). You may copy, print, or download this report solely for personal and noncommercial use, provided that all hard copies retain any and all copyright and other applicable notices contained therein, and you may cite or quote small portions of the report provided that you do so verbatim and with proper citation. Any use beyond the scope of the foregoing requires EBRI’s prior express permission. For permissions, please contact EBRI at permissions@ebri.org.