Tuesday, August 14, 2007

Health Savings Accounts: Second Quarter Growth Lower Than Fist...Still on Track to Reach 8 Million!

Despite Industry Stakeholder Concerns, Second Quarter HSA Growth Significant

August 14, 2007 - HSAFinder.com Second quarter account growth (16%) for Health Savings Accounts (HSAs) was lower than in the first quarter (22%) but still on target to reach 8 million by the end of the year, according to Information Strategies, Inc. (ISI). During the same period, deposits grew at a 26% rate versus the first quarter increase of 22%, to $7.8 billion, according to the parent of www.HSAfinder.com. The company has been tracking HSA insurance coverage and custodial accounts since their inception, utilizes reports from custodial institutions across the country, and is the most detailed in the industry.