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HSA Bank Named Top HSA Provider by Devenir Research

 

HSA Bank was recently ranked the number one Health Savings Account (HSA) provider in the United States according to Devenir's 2015 Midyear HSA Market Statistics and Trends report, which came out on August 11, 2015. Based on data from the end of June 30, 2015, HSA Bank's top ranking was attributed to the total number of accounts at 1.68 million, a total of $4.23 billion in deposits and assets under administration, and market share of 15 percent.

The key findings from Devenir's report showed that the number of HSA accounts rose to 14.5 million and that HSA assets now exceed $28 billion. Health plans continue to be the largest driver of new account growth and investments continue to grow with investors realizing an annualized return of 11.3%, on average, on their HSA investments over the past three years.

Check out the entire 2015 Devenir Midyear report.

About HSA Bank

HSA Bank, with over $4B in assets, is a division of Webster Bank, N.A. (NYSE: WBS). HSA Bank is a trusted leader in consumer-directed healthcare focusing on Health Savings Accounts (HSAs) since the beginning, serving as both the bank and administrator. They support benefits strategies with their comprehensive account-based health benefit solutions such as HSAs, Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and Commuter Benefits. They offer one platform and one portal for all consumer-directed accounts with a reputation for outstanding service. HSA Bank empowers over 1.7 million accountholders to own their health. www.hsabank.com.