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UMB Surpasses $615 Million in Health Savings Account Assets KANSAS CITY, Mo.--(BUSINESS WIRE)-- UMB Healthcare Services, a division of UMB Financial Corporation (NAS: UMBF) , announced today that ...
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UMB Financial Corporation is an American financial services holding company founded in 1913 as City Center Bank and based in Kansas City, Missouri.It offers a number of financial services from checking and savings accounts, credit services including home mortgages, auto loans, business loans and credit cards, to investing and wealth management, all are offered to individuals, companies and ...
The US Treasury did not extend the program beyond this point, and as a result no new Archer MSAs may be opened. Current accounts can either be left open as is or converted to an HSA. At this time there are no financial institutions opening new MSAs. This is because of the creation of the Health Savings Account (HSA) in 2003. [5]
Since health savings account holders are required to be covered by a high-deductible health plan, this creates an opportunity for more growth in the health savings account space. [ 15 ] As of June 30, 2024 [update] , according to research conducted by Devenir, an estimated $137 billion is held in almost 38 million Health Savings Accounts.
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Based in Draper, Utah, HealthEquity also offers 24/7 customer support by phone or live chat. HealthEquity savers do earn some interest, based on balance tiers, which starts at 0.01 percent APY for ...