Business Wire February 4, 2021
Third annual HSA Spend Report finds increasing economic uncertainty, as healthcare costs continue to rise.
SAN FRANCISCO–Lively, Inc., creators of the modern Health Savings Account (HSA), today released its third annual HSA Spend Report, giving a view into how and where consumers spend on healthcare costs each year. Findings show that the COVID-19 pandemic had a serious impact on HSA spending in 2020. The average account holder’s routine visits saw a sharp decline when compared to 2019: doctors visit and services (-3%), hospital (-9%), lab work (-15%), and dental spending (-9%). There were also large spending increases for prescription drugs (+32%) and chiropractic care (+20%). Even with so much fluctuation in the way customers used their HSAs, one element remained...
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