Trending...
- "Leading From Day One: The Essential Guide for New Supervisors" Draws from 25+ Years of International Management Experience
- New Slotozilla Project Explores What Happens When the World Goes Silent
- Youth Take the Lead: Kopp Foundation for Diabetes Hosts "By Youth, For Youth, With T1D" Gala on October 8 at Blue Bell Country Club
MILWAUKEE, Jan. 21, 2020 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., announced a new relationship with Principal Financial Group® to offer customers a convenient way to view their Health Savings Account (HSA) balances alongside the rest of their retirement plan information.
The collaboration gives Principal® customers with an HSA through HSA Bank easy access to a comprehensive online snapshot of their retirement portfolio—one that includes their HSA balances. Through a robust API, or application programming interface, customers who authorize the integration of their HSA Bank and Principal accounts will be able to get a holistic view of their HSA cash and investment balances. With Single Sign-On (SSO) technology, customers utilizing the Principal retirement portal can easily log into the HSA Bank website with one click to better manage their account for long-term savings and future healthcare costs.
"We know healthcare can be a significant expense throughout a person's lifetime, especially in retirement, and that HSAs are an advantageous way to save for future healthcare costs," said Chad Wilkins, president of HSA Bank. "I believe this relationship will provide a useful tool for customers, uniting health and wealth in one common goal: to meet their retirement savings needs."
More on Wisconsin Eagle
Despite estimates that a healthy couple retiring today will need $360,000 to cover total lifetime healthcare costs¹, 40 percent of consumers never save money specifically for future healthcare expenses². Both Principal and HSA Bank offer resources to help consumers understand and maximize the benefits of HSAs, including using the funds for retirement healthcare costs.
"Rising healthcare costs are a big concern for employers, employees, and retirees alike," said Joleen Workman, vice president of customer care at Principal. "There's a huge advantage in being able to look at your financial outlook as a whole, and we're excited to work with leading HSA providers like HSA Bank to offer this simplified solution to more employees in the workplace."
For more information on how HSAs can support retirement savings, visit hsabank.com.
About HSA Bank:
HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA Administration, and HSA investment solutions such as HSAdvisor+. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires nearly 3 million members and more than 35,000 employer groups to "own your health" by making it easy to access, understand, and afford healthcare. As of September 30, 2019, HSA Bank has $8.2 billion in total footings (assets) comprising $6.3 billion in deposit balances and $1.9 billion in assets under administration through linked investment accounts, and is a division of Webster Bank, N.A., Member FDIC.
More on Wisconsin Eagle
1 "HealthView Services 2018 Retirement Healthcare Costs Data Report." HealthView Services. 9 May 2019. http://www.hvsfinancial.com/wp-content/uploads/2018/09/2018-Retirement-Health-Care-Costs-Data-Report.pdf
2 "HSA Bank Health and Wealth IndexSM." HSA Bank. March 19, 2019. http://www.hsabank.com/hsabank/learning-center/hsa-bank-health-and-wealth-index-2019
SOURCE HSA Bank
The collaboration gives Principal® customers with an HSA through HSA Bank easy access to a comprehensive online snapshot of their retirement portfolio—one that includes their HSA balances. Through a robust API, or application programming interface, customers who authorize the integration of their HSA Bank and Principal accounts will be able to get a holistic view of their HSA cash and investment balances. With Single Sign-On (SSO) technology, customers utilizing the Principal retirement portal can easily log into the HSA Bank website with one click to better manage their account for long-term savings and future healthcare costs.
"We know healthcare can be a significant expense throughout a person's lifetime, especially in retirement, and that HSAs are an advantageous way to save for future healthcare costs," said Chad Wilkins, president of HSA Bank. "I believe this relationship will provide a useful tool for customers, uniting health and wealth in one common goal: to meet their retirement savings needs."
More on Wisconsin Eagle
- 3E Launches First AI Agent Designed to Respond with Empathy for College Recruitment
- Security Alert: TZNXG Warns Investors About "Fund Recovery" Scams
- Assent Unveils Extended Producer Responsibility Packaging Solution to Simplify Compliance with Expanding Packaging Laws
- KatalisCoin: "Too Secure" for Bad Actors - Platform Embraces "Excessive Compliance" Criticism
- Keyanb Exchange Implements Enhanced Security Protocols Amid Industry-Wide Trust Challenges
Despite estimates that a healthy couple retiring today will need $360,000 to cover total lifetime healthcare costs¹, 40 percent of consumers never save money specifically for future healthcare expenses². Both Principal and HSA Bank offer resources to help consumers understand and maximize the benefits of HSAs, including using the funds for retirement healthcare costs.
"Rising healthcare costs are a big concern for employers, employees, and retirees alike," said Joleen Workman, vice president of customer care at Principal. "There's a huge advantage in being able to look at your financial outlook as a whole, and we're excited to work with leading HSA providers like HSA Bank to offer this simplified solution to more employees in the workplace."
For more information on how HSAs can support retirement savings, visit hsabank.com.
About HSA Bank:
HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA Administration, and HSA investment solutions such as HSAdvisor+. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires nearly 3 million members and more than 35,000 employer groups to "own your health" by making it easy to access, understand, and afford healthcare. As of September 30, 2019, HSA Bank has $8.2 billion in total footings (assets) comprising $6.3 billion in deposit balances and $1.9 billion in assets under administration through linked investment accounts, and is a division of Webster Bank, N.A., Member FDIC.
More on Wisconsin Eagle
- TSWHZC Platform Combines Automated Portfolio Management with Proof of Reserves for Brazil Market Entry
- AureaVault Positions Digital Asset Infrastructure for Shifting Monetary Policy Environment
- JQRBT Unveils High-Speed Trading Infrastructure Designed for Growing Institutional Crypto Market
- New Leadership and Renovations Usher in Next Chapter for Sunrise Manor
- Who Will Win the 2025 WNBA Finals? OddsTrader Shares Live Betting Odds and Projections
1 "HealthView Services 2018 Retirement Healthcare Costs Data Report." HealthView Services. 9 May 2019. http://www.hvsfinancial.com/wp-content/uploads/2018/09/2018-Retirement-Health-Care-Costs-Data-Report.pdf
2 "HSA Bank Health and Wealth IndexSM." HSA Bank. March 19, 2019. http://www.hsabank.com/hsabank/learning-center/hsa-bank-health-and-wealth-index-2019
| Media Contact: | Media Contact: |
| Alice Ferreira | Jennifer Dean |
| Webster Bank | HSA Bank |
| (203) 578-2610 | (920) 453-5286 |
| acferreira@websterbank.com | jedean@hsabank.com |
SOURCE HSA Bank
Filed Under: Business
0 Comments
Latest on Wisconsin Eagle
- Work 365 Launches PV 3.0: The Keystone Power App for Microsoft CSPs
- Local consultant shows small businesses how to turn red tape into real money
- Suzanne Monroe Launches The Sacred Shift: A New Chapter in Women's Leadership
- Tour Napa Like a Local: Vines of Napa Valley Wine Passport AKA Vine Pass Unlocks Hidden Gems
- World Premiere of Ryan's Pub, Trivia Night by Alec Silberblatt
- Dental Surgical Center Accepts Sedation Patients with Medicaid for MD, WV, PA and DC
- Sloan's Lake Dental Launches New Website to Enhance Patient Experience and Access to Modern Dental Care
- Only 3 Weeks Left till the Start of the OpenSSL Conference 2025
- ENTOUCH Completes $50 million Funding Round
- Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities; NASA agreements for Solar Space Tech; Ascent Solar $ASTI
- Nebuvex Acknowledges Platform "Too Secure" for Anonymous Traders; Institutional Investors Disagree
- From Tokyo to Berlin: FreeTo.Chat Unites Cultures with the World's First Confession VRX — EmojiStream™
- AZETHIO Launches Multi-Million Dollar User Protection Initiative Following Unprecedented Platform Growth
- Matecrypt Observes South American Cryptocurrency Adoption Surge Amid Economic Shifts
- Assent Uncovers Over 695 Unique PFAS Across Global Supply Chains as Regulations Increase
- Cryptocurrency Quarterly Trading Volume Surpasses $15 Trillion Record High as BrazilNex Acknowledges Industry 'Growing Pains' Amid Market Speculation
- AHRFD Initiates Legal Proceedings Against Anwalt.de for Publishing Defamatory and False Content
- New Analysis Reveals the Complex Forces Driving the 'Great Human Reshuffle'
- Elevate Unveils GroundComm X30 at 2025 International GSE Expo in Las Vegas
- NEW power supply release from Kepco Dynatronix - HSP Advanced