HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the
IRS. This designation allows HealthEquity to be the custodian of
health savings account
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal inco ...
s regardless of which financial institution the funds are deposited with.
As of July 31, 2022, HealthEquity managed 7.5 million HSA accounts, plus 7 million other consumer-directed benefits ("CDBs") for total accounts of 14.5 million. Total HSA assets as of July 31, 2022 were $20.5 billion, including $13.1 billion of HSA cash and $7.4 billion of HSA investments.
History
HealthEquity was incorporated in January 2002 in
Tucson, Arizona by Stephen Neeleman, Nuno Battaglia, and David Hall to re-introduce
consumer-driven health care (CDH). It moved its incorporation to Utah in February 2004. HealthEquity went public via an IPO on July 31, 2014 under the symbol "HQY".
Acquisitions
August 30, 2019 - HealthEquity acquires WageWorks.
March 8, 2021 HealthEquity acquires Luum and expands Commuter benefit offering.
November 1, 2021: HealthEquity completes Further acquisition.
References
External links
*
User Experience Benchmarks and Best Practices: Inside Bank Health Savings Account Servicing Web Sites''The Complete HSA Guidebook''
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Medicare and Medicaid (United States)
Medical and health organizations based in Utah
Health care companies established in 2002
2014 initial public offerings