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HSAs Defy Great Recession

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The number of health savings accounts (HSAs) – and the average amount of contributions per account – increased between 2008 and 2009.

The Internal Revenue Service (IRS) has included HSA data in a new report based on 2009 individual income tax return data.

The number of taxpayers reporting HSAs on their returns increased 13%, to 946,436, and the total amount of HSA contributions deducted increased 17%, to $2.6 billion.

Despite the effects of the Great Recession on workers’ employment levels, income levels and investment returns, the average amount of contributions per HSA increased 3.4% between 2008 and 2009, to $2,736.

The number of returns including individual retirement account adjustments fell 5.5%, to 2.6 million, and the total amount of IRA adjustments fell 3.5%, to $6.8 billion.

- Allison Bell

Other tax return data coverage from National Underwriter Life & Health:

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