20 years of HSAs:
Celebrate, learn, grow

The health savings account (HSA) turns 20 this year. After two decades, employees are still saying they want to learn more about these accounts, which means misunderstandings and missed opportunities. Celebrate the progress we’ve made and embrace the opportunity that’s ahead on this HSA Day.

Increase access.
Provide education.
The time is now.

Spenders. Savers. Investors. Stop waiting to secure your future, start building stability with your HSA. HSAs support Americans with a variety of needs. Yet there still remains an education gap. Chris Byrd, who is senior vice president health executive at WEX, discusses on our Benefits Buzz podcast why HSA access is often holding you and your employees back and where HSAs are going after 20 years of life.

An account for all


of HSA accountholders are in their 30s


of HSA accountholders live in a zip code with a median household income of less than $100,000


of HSA assets are held by accountholders ages 55 to 64

– 2022 Devenir and HSA Council Demographic Report

What participants told us


benefit participants want more education on HSAs


reason they love HSAs is the ability to save for unexpected healthcare expenses


mean score when asked on a scale of 0 to 10 how important benefits are when considering a job

– WEX benefits participant survey, May 2023



They’re sure to use it. You’re bound to love it.


Employees can save on hundreds of eligible healthcare expenses, like over-the-counter medications, routine healthcare visits, eyeglasses, contact lenses, sunscreen, and more.


HSAs are employee-owned and all funds carry over, so employees can build their balances to prepare for big expenses.


Like with a 401(k), employees can invest their HSA funds for faster growth. That’s one reason an HSA rivals a 401(k) and IRA for retirement planning. Start leveraging your HSA for retirement and stop missing out on tax savings.

Why employees love HSAs
  • Their funds are contributed tax-free.
  • Their funds grow (with interest or through investment) tax-free.
  • Their funds can be withdrawn tax-free when used on eligible expenses.
  • Their funds carry over from year to year.
Why employers love HSAs
  • Your contributions to your employees’ HSA are tax deductible.
  • Your employees’ contributions reduce your payroll taxes.
  • HDHPs are typically more affordable health plans.


Clearing up common HSA misconceptions

HSAs can help with short-term needs. They can help with long-term needs. Their funds can be invested.

The changing face of employee wellness

In the wake of the Great Resignation, 45 percent of employees said in one survey that salary and employee benefits were their reason for considering leaving their jobs. An HSA is just one way you can better support your employees’ evolving needs. Download our white paper for more ideas.

Benchmarking + Trends

An employer contribution of as little as $50 can encourage employees to participate in an HSA. Surprised? See what other trends we’ve uncovered.

My HSA Planner

Help your employees get the most from their HSA with My HSA Planner.

Previous years’ HSA Day podcast episodes

2022 HSA Day

Inflation is still taking its toll on Americans. An HSA is just one way to help employees save money to combat rising financial costs elsewhere. Our hosts spoke with Tori Dunlap, founder of Her First $100K, and Jennifer McClure, CEO of DisruptHR and Unbridled Talent, on ways to support employees’ wellness needs during our 2022 HSA Day.

2021 HSA Day

Participants primarily lean on HSAs as a spending tool, but an HSA is a savings account. Providing education on that aspect of an HSA is a great way to unlock its full potential as a means to help employees plan for retirement. On HSA Day 2021, we were joined by Johnny Taylor, President and CEO of SHRM; Stefanie O’Connell Rodriguez, Millennial Money Expert; and Jennifer McClure, CEO of DisruptHR and Unbridled Talent, to talk more about the education opportunities with HSAs.

But wait, there’s more!

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@2023 WEX Health, Inc.