5 Takeaways, 2019 Bank of America Workplace Benefits Report, HSA Business Trends

1. Millennials are the greatest users at (37%)
2. Gen Xers are the second greatest users at (36%)
3. Baby Boomers make use of HSAs the least at (26%)
4. Over the last four years, we saw the greatest growth in health savings account usage among Millennials, with a 40% increase in the number of accounts held by this generation.
5. Over the last four years, BofA average balances in HSAs have increased more than 40%, up from approximately $2,300 in 2015 to around $3,250 in 2019.

Source: Bank of America
Source URL: https://www.benefitplans.baml.com/publish/content/applicatio...

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