Products September 1, 2011
HealthEquity Acquires HSA Administrator
September 1, 2011 (PLANSPONSOR.com) – HealthEquity has acquired health savings account (HSA) administrator First Horizon Msaver from First Tennessee Bank National Association for an undisclosed amount.
Reported by Tara Cantore
According to a news release, the combined company is the nation’s largest non-bank HSA custodian with more than $600 million in assets under management and 17,000 employer customers.
Among the added capabilities Msaver customers will see with HealthEquity are access to live 24-hour support, free mutual fund investing within the HSA, and the ability to make online payments to doctors and hospitals.