A report from the J.P. Morgan Treasury Service shows how HSAs have become a vital part of helping Americans save and pay for medical expenses. The report includes the J.P. Morgan HSA Program Snapshot which details the saving, spending and investing patterns and trends among 700,000 HSA account holders in 2010.

"As health care costs continue to rise year over year, Americans are increasingly leveraging HSAs as a means for using pre-tax dollars on current medical expenses, as well as a way to invest and earn money for future health costs," said David Josephs, managing director of J.P. Morgan. "We expect employers who are offering HSAs for the first time, or those who already have programs in place, to use J.P. Morgan's HSA Program Snapshot as a benchmark for comparison as they review health plan options for the upcoming enrollment season," he also said.

Important report highlights from 2010 include:

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• The average HSA balance is up 7 percent from 2009, at $1,494.

• The average account contribution rose slightly in 2010 to $1,884, compared to $1,816 in 2009. 

• Seventy-three percent of account holders contributed more than they spent during each month in 2010, compared to 68 percent in 2009.

• The average age of account holders is 43. 

• Account holders spent on average $5 more from their HSAs in each month of 2010 as compared to 2009. The average total dollar amount spent per HSA in 2010 was $1,377, compared to $1,305 in 2009.

• Hospital and dental expenses had the highest average dollar amount per transaction ($207 and $195 respectively, staying stable from 2009.)

To see the full report, go to www.jpmorgan.com/visit/hsasnapshot.

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