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J.P. Morgan report tracks HSA usage, popularity

A new report from J.P. Morgan provides more evidence of health savings accounts' growing popularity. The report is based on the account activity of over 500,000 account holders in 2009.

By Danielle Andrus | Updated on May 25, 2010

A new report from J.P. Morgan provides more evidence of health savings accounts’ growing popularity. The report is based on the account activity of over 500,000 account holders in 2009.

Forty-five percent of account holders had over $1,000 in cash in their HSA at the end of 2009, up 10 percentage points from the 2008. The report also noted that accounts with higher cash balances are increasing. At the end of 2008, half of account holders had $500 or less in their accounts; today, 42 percent have a balance of $500 or less. Accounts with over $2,000 increased from 20 percent to 31 percent in 2009.

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