5 Takeaways, 2019 Bank of America Workplace Benefits Report, HSA Business Trends

  1. Millennials are the greatest users at (37%)
  2. Gen Xers are the second greatest users at (36%)
  3. Baby Boomers make use of HSAs the least at (26%)
  4. Over the last four years
  5. we saw the greatest growth in health savings account usage among Millennials
  6. with a 40% increase in the number of accounts held by this generation.
  7. Over the last four years
  8. BofA average balances in HSAs have increased more than 40%
  9. up from approximately $2
  10. 300 in 2015 to around $3
  11. 250 in 2019.

Source: Bank of America - https://www.benefitplans.baml.com/publish/content/application/pdf/GWMOL/2019Wor…

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