Banking Survey Shows HSA Accounts Provide Financial Flexibility for Consumers

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For Immediate Release
July 10, 2014


Clare Krusing



Meghan French

ABA’s HSA Council


Washington, D.C. – A new survey on health savings accounts’ (HSAs) financial activity shows that HSA plans are a valuable financial tool for consumers, providing flexibility to cover immediate medical expenses and to save for future health care costs.  More than half (52 percent) of all account holders spent more than 80 percent of their HSA funds for health care expenses during 2012, according to the survey conducted by America’s Health Insurance Plans (AHIP) and the American Bankers Association’s HSA Council.

Since Congress authorized HSA plans in 2004, AHIP has conducted three surveys on HSA banking activity. This latest report measuring the financial activity of more than 1.4 million HSAs shows consumers taking an active role in managing their health care dollars.

This study confirms that HSAs are being used as they were designed: to pay for routine health care needs and to save towards future medical expenses,” ABA’s HSA Council Executive Director Kevin McKechnie said. “HSAs have the advantage of offering consumers greater choice and control over their health care.”

Consumers rely on HSAs when planning for future medical expenses. More than half (55 percent) of all HSAs received personal contributions during 2012. While end of the year account balances varied, roughly 80 percent of accounts surveyed had a positive balance that could be carried over to the next year to help pay for future expenses.

“The health care needs of individuals and families are diverse, and HSA plans offer consumers important flexibility and support to make the spending decisions that are right for them,” AHIP President and CEO Karen Ignagni said.

Key findings from the AHIP/ABA’s HSA Council banking survey include:

  • More than half (55 percent) of all HSAs received personal contributions during 2012 and 44 percent of the accounts received employer contributions.   Of those accounts, the average personal contribution was $2,337 and the average contribution from employers was $1,142.
  • Fifty-eight (58) percent of all accounts had withdrawals during the year. Of those accounts, the average withdrawal during 2012 was $2,081.
  • Nineteen (19) percent of all accounts had $0 available at the end of the year. Thirty-one percent had $1 - $499, 11 percent had $500-$999, 12 percent had $1000-$1999, 14 percent had $2000-$4999, and 12 percent had at least $5000.

To learn more about the value of HSA plans, visit the Health Savings Alliance at

To learn more about the ABA’s HSA Council, which is dedicated to protecting and expanding the use of HSAs, visit

To view the full banking survey, click here.


About the American Bankers Association 

The American Bankers Association is the voice of the nation’s $14 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $11 trillion in deposits and extend nearly $8 trillion in loans. 


About America’s Health Insurance Plans 

America’s Health Insurance Plans (AHIP) is the national trade association representing the health insurance industry. AHIP’s members provide health and supplemental benefits to more than 200 million Americans through employer-sponsored coverage, the individual insurance market, and public programs such as Medicare and Medicaid. 

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