Morningstar report flags 19% jump in 2025 HSA assets as industry fees decline

• Morningstar published its 2026 HSA Landscape Report, citing a maturing market with lower fees, broader investment menus, stronger flexibility.
• Total HSA assets rose 19% in 2025; the industry posted net inflows of USD 14.9 billion.
• Providers reported limited early impact from the One Big Beautiful Bill Act on participation or asset growth despite expanded eligibility.
• Fidelity kept the only High rating for spending accounts, supported by a leading interest rate, no maintenance fees, low costs.
• HSA Bank earned a High investment-account rating for the first time; Morningstar noted stronger options, lower costs, no investment threshold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morningstar Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260923254697) on September 23, 2026, and is solely responsible for the information contained therein.