PLANADVISER - March/April 2018 - 16
trendspotting
HSA Opportunities Abound
Assets top an estimated $45 billion at the close of last year
DEVENIR, a national provider of investment
solutions for health savings
accounts (HSAs), released the results
of its 15th semi-annual HSA survey-
once again measuring strong growth
in the use of the vehicle both for shortand
long-term saving.
Benefiting from workers' and
employers' increasing understanding
of the " triple tax advantage " that HSAs
provide, the accounts had collectively
grown to an estimated $45.2 billion in
assets, in over 22 million accounts, by
Strong HSA Growth
Assets at
the end of 2017
$45.2 billion
Source: Devenir
the end of last year.
Preliminary data further shows
that, by the end of this January, assets
had reached almost $50 billion. As
Devenir explains, the survey data
were collected between January and
February and primarily consist of the
largest 100 HSA providers, " with all
data being collected for the December
31, 2017, period as well as a January
month-end update, [because] we have
historically found it to be such a significant
month for the industry. "
Year over year, the increase represents
a 22% jump for HSA assets and an
11% boost for accounts for the year just
ended. Important for readers to note,
a strong equity market had helped to
propel HSA investment assets to an
estimated $8.3 billion, up 53% year
over year.
The average investment accountIncrease
in
assets in 2017
22%
16 | planadviser.com march-april 2018
Number of
accounts
22 million
Average
account balance
$16,457
Art by Ellie Ji Yang
holder has a $16,457 average total
balance, including both deposit and
investment accounts, Devenir reports.
For advisers in particular, this is an
important statistic, given evidence
that these accountholders are hungry
for guidance about how to best invest
and eventually withdraw their dollars.
Even if the health savings accounts
are not the most lucrative business to
pursue on their own, offering advice
about them and health care costs,
experts agree, can be a tremendous
value add that boosts client loyalty.
-John Manganaro
http://www.planadviser.com
PLANADVISER - March/April 2018
Table of Contents for the Digital Edition of PLANADVISER - March/April 2018
2018 PLANSPONSOR Retirement Plan Adviser of the Year
Battling the Elements
Taking on Discretion
A QDIA In Transition
Working Down-Market
Retirement Income Options
2018 SEC Examination Priorities
Enforcement of the DOL Rule
Duty to Investigate
PLANADVISER - March/April 2018 - C1
PLANADVISER - March/April 2018 - FC1
PLANADVISER - March/April 2018 - FC2
PLANADVISER - March/April 2018 - C2
PLANADVISER - March/April 2018 - 1
PLANADVISER - March/April 2018 - 2
PLANADVISER - March/April 2018 - 3
PLANADVISER - March/April 2018 - 4
PLANADVISER - March/April 2018 - 5
PLANADVISER - March/April 2018 - 6
PLANADVISER - March/April 2018 - 7
PLANADVISER - March/April 2018 - 8
PLANADVISER - March/April 2018 - 9
PLANADVISER - March/April 2018 - 10
PLANADVISER - March/April 2018 - 11
PLANADVISER - March/April 2018 - 12
PLANADVISER - March/April 2018 - 13
PLANADVISER - March/April 2018 - 14
PLANADVISER - March/April 2018 - 15
PLANADVISER - March/April 2018 - 16
PLANADVISER - March/April 2018 - 17
PLANADVISER - March/April 2018 - 18
PLANADVISER - March/April 2018 - 19
PLANADVISER - March/April 2018 - 20
PLANADVISER - March/April 2018 - 21
PLANADVISER - March/April 2018 - 22
PLANADVISER - March/April 2018 - 23
PLANADVISER - March/April 2018 - 2018 PLANSPONSOR Retirement Plan Adviser of the Year
PLANADVISER - March/April 2018 - 25
PLANADVISER - March/April 2018 - 26
PLANADVISER - March/April 2018 - 27
PLANADVISER - March/April 2018 - 28
PLANADVISER - March/April 2018 - 29
PLANADVISER - March/April 2018 - 30
PLANADVISER - March/April 2018 - 31
PLANADVISER - March/April 2018 - 32
PLANADVISER - March/April 2018 - 33
PLANADVISER - March/April 2018 - 34
PLANADVISER - March/April 2018 - 35
PLANADVISER - March/April 2018 - 36
PLANADVISER - March/April 2018 - 37
PLANADVISER - March/April 2018 - 38
PLANADVISER - March/April 2018 - 39
PLANADVISER - March/April 2018 - Battling the Elements
PLANADVISER - March/April 2018 - 41
PLANADVISER - March/April 2018 - 42
PLANADVISER - March/April 2018 - 43
PLANADVISER - March/April 2018 - Taking on Discretion
PLANADVISER - March/April 2018 - 45
PLANADVISER - March/April 2018 - 46
PLANADVISER - March/April 2018 - 47
PLANADVISER - March/April 2018 - A QDIA In Transition
PLANADVISER - March/April 2018 - 49
PLANADVISER - March/April 2018 - Working Down-Market
PLANADVISER - March/April 2018 - 51
PLANADVISER - March/April 2018 - Retirement Income Options
PLANADVISER - March/April 2018 - 53
PLANADVISER - March/April 2018 - 2018 SEC Examination Priorities
PLANADVISER - March/April 2018 - Enforcement of the DOL Rule
PLANADVISER - March/April 2018 - Duty to Investigate
PLANADVISER - March/April 2018 - C3
PLANADVISER - March/April 2018 - C4
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