Tuesday, July 1, 2008

Balances on HSAs Are Up

By Grace-Marie Turner

Categories: HSAs, etc.

Two new reports give us updated data on health savings accounts. Among the things we learned: Average account balances hit $1,400, up from $1,028 in December 2006, according to an HSA Benchmarking Survey from Celent, a research and advisory firm.

Also, an HSA Market Report from Canopy Financial, a provider of financial technology and electronic payment systems, reports that the average health plan had a deductible of about $2,500, that the average account holder was 43 years old, and that the average employer contribution was $68 a month, $58 for employees.