HealthEquity researched our book of business and surveyed HSA members to better understand how five different employer Health Savings Account (HSA) contribution strategies affect employee behavior.
Key findings
Any employer contribution will increase HSA enrollment, and enrollment is positively correlated with the amount of money employers are willing to contribute.
An HSA match strategy yields the highest employee contribution rate but puts more financial burden on employees.
HSA seed contribution strategies positively impact benefits equity, savings retention, and investing while reducing employee financial burden.
For more insights, see the full report.
The seed + match strategy has the most significant positive impact on benefits equity and an above average impact across all other measured employee outcomes. This strategy amounts to the highest average employer cost.
