HSA Bank reports 7.6% increase in average balance carried into 2010

HSA Bank reported today that the average Health Savings Account (HSA) balance carried into 2010 grew by 7.6 percent over the balance carried into 2009. The average balance of these accounts grew even though the nation faced the uncertainty of a recovering global economy, ailing retirement accounts, unemployment and healthcare reform.

"The percentage growth of accountholder balances was lower than we have seen in recent years," said Kirk Hoewisch, president of HSA Bank. "However, the fact remains that balances grew despite all the uncertainty we faced as a country in 2009, especially in the economy and the healthcare industry."

The average balance for an HSA Bank accountholder climbed to nearly $2,600. The funds that are rolled over can be used to pay for medical expenses incurred in 2010, or the accountholder can continue to roll the funds over to use for future medical expenses or a supplemental retirement savings.

Source:

Webster Financial Corporation

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