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HSA Research


Acknowledging the significant potential role of Health Savings Accounts (HSAs) as a retirement savings vehicle, PSCA created a committee in 2016 to study the intersection of HSAs and retirement. In the spring of 2017, PSCA conducted its first snapshot survey of companies that offer HSA-qualifying health plans to establish a baseline on HSA plan design and use, followed by a comprehensive benchmarking survey in 2019.

The inaugural HSA benchmarking survey received responses from 189 employers that offered an HSA-qualifying health plan in 2018. The survey revealed that most employees eligible for an HSA open one (more than 90 percent), most employers make contributions to the HSA (more than 80 percent), and most (nearly 86 percent) offer investment options. The biggest concern from employers regarding HSAs is employee education.

PSCA's 3rd Annual HSA Benchmarking Survey was published in August 2021 and reflects the 2020 plan data from 191 plan sponors. 

Additional HSA Resources

White Paper: What's Holding Back HSAs 
(January, 2020)

Beyond Contributions and Saving — The Importance of HSA Investing
Defined Contribution Insights, Winter 2019

Achieving Better HSA Engagement
Defined Contribution Insights, Summer 2019

Is Medicare Causing Problems for your Health Savings Account (HSA)?
Defined Contribution Insights, Spring 2019

HSA Committee

  • Chair: Tom Gordon
  • Vice Chair: Karin Rettger, President, Principal Resource Group, Inc.
  • Ann Brisk, SVP, Director of Strategic Partnership Growth, HSA Bank
  • Sara Caddy, Benefits Manager, Dimensional Fund Advisors
  • Heather Cambray, Corporate Human Resources Manager, Greatland Corporation
  • Laura Finn, Senior Consultant, Financial Finesse
  • Shelby George, Interim CEO, Perspective Partners
  • Blanca Gonzalez Karim, Sr. Manager, Employee Benefits, PBS
  • Kimberly Hanlon, Director of Total Rewards, Regional Management Corporation
  • Patty Hurley, Benefits Manager, American College of Surgeons
  • Mercedes Ikard, Director, Retirement Planning, Atrium Health
  • Tara Kahler, Human Resources Specialist, Whiteford, Taylor & Preston, LLP
  • Dan Milfred, CFO, Pacific Woodtech
  • Cherie Moser, Head of HSA Product and Strategy, PayFlex
  • Austin Rosenthal, Head of Platform Defined Contribution and Vice President Global Client Group, Dimensional Fund Advisors 
  • Carol Sedlacko, Manager, Benefits & Payroll, Austin Powder Company
  • Tom Vogel, Head of Financial Benefits, FIdelity Invsetments