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Fidelity found among its HSA account holders: Nearly one-quarter (23%) are savers, or those who spend only 10% or less of their annual contributions, electing to invest their remaining balances for health care costs in retirement; Thirty-three percent are spenders, meaning those who spend 90% or more on their annual contributions on qualified medical expenses; and Forty-four percent are hybrids, or those that spend their contributions buts also leave year-end remaining balances. In 2011, the average HSA balance and contribution dropped from 2010, but for savers and hybrids, the average balances rose in 2011 over the previous two years. Fidelity studied its HSA account holders who made continuous contributions to an HSA from 2009 to 2011 and uncovered an increased average balance across all categories of 50%, from $3,200 to $5,100. But savers saw a more than 100% increase in average balances from $5,900 to $12,100. For hybrids, average balances grew 79%, from $3,300 to $5,900.
Fidelity found among its HSA account holders:
In 2011, the average HSA balance and contribution dropped from 2010, but for savers and hybrids, the average balances rose in 2011 over the previous two years.
Fidelity studied its HSA account holders who made continuous contributions to an HSA from 2009 to 2011 and uncovered an increased average balance across all categories of 50%, from $3,200 to $5,100. But savers saw a more than 100% increase in average balances from $5,900 to $12,100. For hybrids, average balances grew 79%, from $3,300 to $5,900.
Kristen Heinzingereditors@plansponsor.com