More employees investing some of their HSA assets
Health Savings Account usage of the investment component of their account increased by 2-3% across all generations YOY. One-quarter (26%) contributed more than they withdrew, with the average account balance among BofA participants at $4,356 (up 23% since 2020), which is 15% higher than the national average of $3,798.
• SEE ALSO: Inflation Sparks Big Jump in 2023 HSA Contribution Limits
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
