A quick scan of recent press releases from health savings account custodians indicates that HSAs are continuing to grow at a vigorous rate.

For example, in March, Kansas City-based UMB Healthcare Services, a division of UMB Financial Corporation, announced that account balances for its HSAs grew 36.1 percent surpassing $400 million dollars following 2011 open enrollment. UMB said that the number of HSAs in their care stood at nearly 220,000 at year-end.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.