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The pandemic has affected health savings account spending, according to a new report from Lively. The company analyzed data from 50,000 consumers who had an HSA account in 2020 and found the pandemic impact usage, often in unpredictable ways.
"Elective procedures and preventive care visits came to a halt between March and April. At the end of April, during the peak of the early pandemic, HSA spending became unpredictable. Many account holders reduced their spending, while others increased their spending."
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