HealthEquity said Monday it has surpassed $1 billion in health savings account assets, making it the latest company statement to signal massive growth in account use.
The Salt Lake City-based health savings trustee works with more than 60 health plan partners and services more than 760,000 health care accounts for employees at more than 23,000 companies across the United States.
Bank of America, Wells Fargo and JP Morgan all reported HSA record growth this year, as more employees open accounts to help cut ever-rising medical expenses.
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