A 12-page Executive Summary offering summary highlights for 22 Accountable Care Organizations and ACO solutions companies regarding their successes during the most recent MSSP performance year.
EBRI: Seven findings on HSA utilization
- Modest balances: Between 2011 and 2019
- end-of-year account balances increased but remained low.
- Contributions below the maximum: Average total contributions increased between 2011 and 2019
- but this average was just above the minimum allowable deductible amount for family coverage.
- High incidence of withdrawals: Overall
- 60 percent of accountholders withdrew funds.
- Low use of investments: Very few account owners invested their HSA balance in investments other than cash despite the tax-saving possibilities.
- Over time
- increased size of balance: Accounts opened in 2019 had an average $1
- 056 year-end account balance
- while accounts opened in 2009 had an average $9
- 398 year-end account balance.
- Over time
- larger annual contributions: Annual 2019 contributions were higher the longer an account owner had an account.
- Over time
- greater use of investments: Over time
- account owners appear to see the value in investing their HSA balances.
Source: EBRI, Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011‒2019 - https://www.ebri.org/publications/research-publications/issue-briefs/content/su…