Employee Health Savings Account contributions up for second consecutive year, PSCA survey says
PSCA to host HSA Trends & Innovations webinar
ARLINGTON, Va. (Sept. 17, 2025) –The Plan Sponsor Council of America’s (PSCA) 2025 HSA Survey shows growth in health savings account (HSA) balances in 2024 for the third consecutive year. The report, which surveyed plan sponsors, also shows participant contributions rose from the prior year, driven as a greater number of employees invested their HSA funds and more employers contribute for ongoing healthcare costs and expenses that occur in retirement.
The latest survey shows that 20 percent of participants now invest their HSA savings, up from 18 percent the prior year. Also, two-thirds of employers now offer investments, a 12 percent increase over a two-year period.
“HSAs can be a powerful tool to help save for and pay for current and future healthcare expenses,” said Hattie Greenan, director of research and communications, PSCA. “It’s encouraging to see more employers offer investments and employees taking advantage of them to grow their accounts.”
PSCA’s seventh annual HSA survey, sponsored by HSA Bank, was conducted in the summer of 2025 and reflects responses from nearly 600 employers with an HSA program. The survey tracks employee and employer HSA trends from 2024.
“As more people seek ways to manage rising healthcare costs, employers have an opportunity to increase engagement with HSAs to support both short-term healthcare expenses and long-term financial health,” said Kevin Robertson, chief growth officer, HSA Bank. “By communicating with employees in multiple ways, contributing to accounts, providing automatic enrollment and rewarding healthy behaviors, employers can help close knowledge gaps and support informed health and wealth decisions.”
Additional findings from the 2025 HSA Survey include:
Increased Participation: Three-quarters of employees with an HSA made contributions to their accounts in 2024. Average contributions totaled $2,802 in 2024, up from $2,609 in 2023 and $2,323 in 2022.
Higher Account Balances: The average account balance at the end of 2024 was $6,489, up from $6,165 in the prior year, and $6,130 in 2022.
Employer Contributions: Three-quarters of employers contribute to employee HSAs with more than half (54.9 percent) providing a set amount per coverage level, while 27.4 percent provided a set amount per employee.
Automatic Enrollment: Forty-three percent of organizations automatically enroll employees in an HSA if they enroll in the HSA-qualifying health option.
HSA Rewards: More than 60 percent of large organizations surveyed reward employees for health and wellness program participation – and half do so with a contribution to the HSA.
The Education Concern
Employee education, meanwhile, remains the most common concern among employers. The survey found:
- Among 62 percent of employers that provide HSAs, almost the same number who offer education on these accounts do so only once a year during open enrollment periods.
- Only one-third of employers communicate with employees about the benefits of using their HSA as a retirement planning tool.
- Less than one-in-three HSA plans enable participants to view their balances alongside retirement accounts.
PSCA will host a 2025 HSA Trends & Innovations webinar on Sept. 30 at 2 p.m. ET featuring an in-depth look at the 2025 HSA survey, highlighting emerging trends, program design and utilization as well as real-world examples and program design best practices. The session is free and open to the public. To register, click here. Learn more about the PSCA HSA Survey results here.
About HSA Day:
To help employers with participant education, PSCA will provide education tools on October 15 for HSA Day. Access last year’s resources and look for new resources coming soon at www.psca.org/HSAday.
About the Survey:
PSCA’s seventh Annual HSA survey, sponsored by HSA Bank, incorporates responses from nearly 600 U.S. employers and provides benchmarking data on company-sponsored HSA programs including participation rates, employer contribution formulas, investments and design and administration considerations.
About the Plan Sponsor Council of America:
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), is a diverse, collaborative community of employee benefit plan sponsors, working together on behalf of millions of employees to solve real problems, create positive change, and expand on the success of the employer-sponsored retirement system. With members representing employers of all sizes, we offer a forum for comprehensive dialogue. By sharing our collective knowledge and experience as plan sponsors, PSCA also serves as a resource to policymakers, the media, and other stakeholders as part of our commitment to improving retirement security for millions of Americans. For more information, visit www.psca.org.
About HSA Bank:
At HSA Bank, we’re working toward a world where everyone is confidently engaged with their health and wealth. By delivering personalized insights, experiences and solutions, we make it simple for our nearly 4 million members nationwide to drive value and tangible outcomes. As a leader in health accounts for over two decades, we have the depth and breadth of expertise that matters most. We are devoted to delivering an outstanding user experience and our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for individuals, employers and partners. As of June 30, 2025, HSA Bank had $14.8 billion in total footings comprising $9.1 billion in in deposit balances and $5.8 billion in assets under administration through linked investment accounts and is a division of Webster Bank, N.A., Member FDIC Plan Administrative Services and Benefit Services are administered by Webster Servicing LLC.
Media contacts:
Hattie Greenan
Director of Research and Communications
Plan Sponsor Council of America (PSCA)
(540) 323-7828
hgreenan@usaretirement.org
Alice Ferreira
Webster Bank
(203) 578-2610
acferreira@websterbank.com
