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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.
HSA Bank is a health savings account (HSA) administrator in the United States. Based in Milwaukee and Sheboygan, Wisconsin , the company focuses on the administration, service, and support of health accounts including Health Savings Accounts, Flexible Spending Accounts, and Health Reimbursement Arrangements.
HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS. [2] This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with.
A health savings account, or HSA, is a tax-advantaged savings account for paying medical expenses that is available to consumers with high-deductible health insurance plans.
The HSA Coalition, founded in 1991, is a non-profit organization considered to be "a force behind much of the nation's HSA legislation." [ 1 ] The group is an alliance of non-profit organizations that has long supported the creation of the HSA and its predecessor, the Medical Savings Account (MSA). [ 2 ]
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2024 per the Federal Financial Institutions Examination Council, along with the market capitalization of public banks.
The structure of the insurance plan may also include a Health savings account or HSA, which enable workers to save money tax-free for health expenses. The Kaiser Family Foundation reported that employer-based health insurance premiums for a family of four averaged $18,765 in 2017, up 3% from the prior year, although there was considerable ...
Hellenic Space Agency, Greece; Haiku Society of America; Harvard Student Agencies; Hawker Siddeley Aviation; Hayel Saeed Anam Group, a Yemeni conglomerate; Health Sciences Authority, Singapore