Press Release: 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 is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA Administration, and HSA investment solutions such as HSAdvisor+. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires 3 million members and more than 35,000 employer groups to “own your health” by making it easy to access, understand, and afford healthcare. As of March 31, 2020, HSA Bank has $8.6 billion in total footings (assets) comprising $6.7 billion in deposit balances and $1.9 billion in assets under administration through linked investment accounts, and is a division of Webster Bank, N.A., Member FDIC.