Health & Wealth

Americans Value Benefits Supporting Financial, Physical & Mental Wellness

Inaugural mental wellness score shows younger employees are pursuing and obtaining mental healthcare support significantly more than older colleagues

Fifth Annual HSA Bank Health and Wealth IndexSM explores trends in consumer financial, physical and mental health. View the full report here.

Milwaukee, WI—June 9, 2022—HSA Bank, a division of Webster Bank, N.A., today released its fifth annual HSA Bank Health & Wealth Index, a report that explores trends in consumer financial and physical health, and for the first time, mental health.

Key findings from the report include:

There is room for improvement when it comes to mental health. One in five respondents indicated they were not very or not at all confident about their overall mental health.

Healthcare benefits are one of the reasons leading “the Great Resignation” for Generation Z. More than half of Gen Z respondents indicated they would change employers to receive better healthcare benefits.

Americans are feeling uncertain about their ability to pay for future healthcare costs. Thirty percent of respondents were not sure if they could afford healthcare costs in the near-term or in retirement.

Families with children continue to see the value of telehealth services. Sixty-one percent of respondents with children reported using telehealth services compared to 43% of respondents without children.

Additionally, the new mental wellness index score is intended to help employers gauge the mental health of employees as they continue to manage the stress and challenges of the world we live in today. The survey found a large divide around engagement and perceived value of the mental health benefits available, with 81% of baby boomers and 64% of Generation X indicating they have never obtained mental healthcare compared to 46% of millennials and 43% of Generation Z.

Engagement In Health & Wealth

“We’re pleased to see that engagement in health and wealth continues to be a priority for Americans,” said Chad Wilkins, president of HSA Bank. “There is still room for improvement, however, and employers can lead the way by providing tools, resources, education and opportunities to empower Americans to make even better decisions when it comes to their health and wealth.”

Wilkins continued: “HSA Bank works with employers every day on revisions to plans, such as adding wellness incentives, promoting preventive care and adjusting educational initiatives to account for virtual engagement. We’re excited to see how we can help employers continue to improve engagement using the tools and resources we offer.”




About the Study
A survey of more than 2,000 randomly selected U.S. adults 18+ was conducted in November 2021 to gauge their health plan enrollment status, health practices, ability to pay for healthcare, and confidence in their own physical and mental health and wealth. Each consumer received a combined health and wealth score between zero and 100. The average consumer was found to be moderately engaged in their health and wealth with an average index score of 56.6. The survey was commissioned by HSA Bank and executed by a third-party organization. The margin of error for this sample size is +/- 2.18 percent at the 95 percent confidence level. Smaller subgroups have larger margins of error.
About HSA Bank
At HSA Bank, we’re working toward a world where everyone is empowered to save for a healthy future. By providing the right tools and resources, we make it simple for our over 3 million members nationwide to maximize their savings for healthcare and long-term goals. As a leader in health accounts for over two decades, we continue to innovate. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors. As of March 31, 2022, HSA Bank had $11.6 billion in total footings comprising $7.8 billion in deposit balances and $3.8 billion in assets under administration through linked investment accounts and is a division of Webster Bank, N.A., Member FDICPlan Administrative Services and Benefit Services are administered by Webster Servicing LLC. To learn more, visit