Health Savings Accounts Grow 30 Percent at Chase Affordable Health Insurance

Health Savings Accounts Grow 30 Percent at Chase

January 9th, 2011 April Edwards Leave a comment Go to comments

At Chase, health savings accounts grew by 30 percent during a single year. More than 115,000 health savings accounts and $220 million in deposits were added, and Chase has more than 500,000 HSA owners holding a combined balance of $740 million.

This health savings account growth has been fueled by Chase’s partnerships with national and regional HSA health insurance plans. These HSA programs are marketed directly to employers, ranging from Fortune 500 companies to small businesses.

To attract new health savings account customers, the managing director David Josephs says, Chase has been “Upgrading features such as online bill pay, automatic funds transfers for investing, and enhanced reporting for employers provides increased flexibility for account holders and clients.”

Chase also developed a comprehensive “adoption” kit that companies can use to explain health savings accounts to employees, including suggestions for maximizing tax savings and negotiating federal and state tax requirements. Chase customers may log on to a secure website to move money directly from checking or savings accounts to contribute to their HSA. Health care expenses may also be paid online directly from their HSA. See more about how HSA plans work right here on our website.

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