Salt Lake City, Utah-based HealthEquity acquired health savings account (HSA) administrator First Horizon Msaver from First Tennessee Bank National Association for an undisclosed amount.
Six years after they became available, Health Savings Accounts appear to have been accepted as a mainstream health care option, according to a new survey from HSA Bank.
The number of people who are covered by Health Savings Accounts (HSAs) has reached 10 million, spurred in part by strong growth in the large-group market, according to America’s Health Insurance Plans (AHIP).
CIGNA unveiled a new website for insurance brokers who sell health benefit plans to companies with 50 to 250 employees, to help determine which funding option will best fit their clients’ needs.
Reading, Pa.-based First HSA has contracted with a Draper, Utah, firm to serve as the custodian and payment transaction processor for 43,000 health savings account holders and on future accounts.
Limits on contributions and low interest rates mean the role of health savings accounts (HSAs) in saving for health care costs in retirement will be “minor,” according to a new report.
A record percentage of workers took an active role in choosing their health care benefits during the open enrollment season for this plan year, but most chose to stick with the plans they had in place for last year, according to Hewitt Associates, a consultancy.
While President Barack Obama plans to include Republican ideas into a comprehensive health care reform plan he wants approved by Congress, not everyone is ready to jump on board.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.