Fidelity Investments on Tuesday reported a 53 percent increase in its health savings accounts in 2012, bringing the number of individual accounts administered by the company to 182,000 compared to 119,000 at the end of 2011.
Fidelity manages $471 million in health savings account assets, an increase of 44 percent over the prior year. In addition, the number of companies offering the Fidelity HSA rose to 72, up from 57 at the end of 2011.
"The opportunity for triple tax advantages for individuals, the ability to carry over unspent funds year over year and the financial realities companies face in rising health care costs continued to drive the strong growth in our HSA business," William Applegate, vice president of Fidelity Investments, said in a statement.
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