Wednesday, July 15, 2015

Health Savings Account Balances, Contributions, Distributions, 2014

Balances & Claims
  • Average health savings account (HSA) balances increased from $1,408 to $1,933 (up about 37 percent) in 2014, according to a new report by the nonpartisan Employee Benefit Research Institute (EBRI).
  • Account balances averaged $655 for owners under age 25 and $5,016 for owners ages 65 and older.
  • On a yearly average, individuals who made contributions deposited $2,096 to their account while HSAs receiving employer contributions received $1,021 a year, on average. 
  • Among HSAs with claims, the average amount distributed for health care claims was $1,951.
  • Enrollment in HSA eligible health plans is estimated to be about 17 million policyholders and their dependents in 2014.  
  • 4 in 5 HSAs have been opened since the beginning of 2011.

Source: Employee Benefit Research Institute (EBRI).