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Thursday, May 12, 2005

HSA deposits now close to half a billion dollars

["HSA Deposits Top $460 Million, ICDC Finds; 50,000+ Accounts Are Opened Each Month," AIS Consumer-Directed Care, 5 May 2005.]

HSA growth continues to astound...

Health savings account administrators say they have opened more than 425,000 accounts since Jan. 1, 2004, and are adding at least 50,000 new ones each month, according to interviews conducted by ICDC with 21 HSA administrators (see table, below). Collectively, these firms have amassed about $460 million in HSA deposits and are bracing for what they expect will be an explosive 2006. Some of the largest administrators — such as HSA Bank and Exante Bank — say they already are opening more than 8,000 new accounts each month.

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