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In 2008, HSA Bank became the first HSA administrator to surpass $500 million in HSA deposits. [4] In 2013, HSA Bank was listed in Kiplinger's "Best of Everything" . [5] In 2014 HSA Bank announced a partnership with Evolution1 to expand their offerings from only HSAs to other "Consumer Driven Healthcare Solutions". [6]
Best for mobile payments: HSA Bank. HSA Bank is a division of Webster Bank, dedicated to health accounts. The HSA comes with minimal fees: There’s no monthly account fees unless you opt for ...
Health savings accounts are similar to medical savings account (MSA) plans that were authorized by the federal government before health savings account plans. Health savings accounts can be used with some high-deductible health plans. Health savings accounts came into being after legislation was signed by President George W. Bush on December 8 ...
In 1994, it sold Raffensperger, Hughes & Co., Inc., Indiana's largest investment bank, to National City Corp. [15] In 1995, The Associated Group acquired Community Mutual Insurance, a provider of Blue Cross and Blue Shield insurance plans in Ohio with over 1.9 million policy holders), then set up Anthem Blue Cross and Blue Shield. [16] [17]
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.
They also act as administrators [17] [16] of Medicare in many states or regions of the U.S. The Blue Cross Blue Shield Federal Employee Program (FEP) is a nationwide option under the Federal Employees Health Benefits Program (FEHB) for U.S. federal government employees and retirees, and has been part of FEHB since FEHB's inception in 1960. [18]
Telhio is federally insured by the National Credit Union Administration (NCUA), which insures accounts in federal and most state-chartered credit unions in the United States up to $250,000. Additionally, Telhio carries Excess Share Insurance, which insures personal accounts an additional $250,000, for a total of $500,000 in deposit insurance.
Webster Financial Corporation is the holding company for Webster Bank, N.A. and Webster Insurance. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corporation, Webster Capital Finance, and provides health savings account trustee and administrative services through HSA Bank of Sheboygan, Wisconsin, a ...