Trending...
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- 2 Funny Native Comedy Night Comes To St Croix Casino Hertel
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
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
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
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
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
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
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- Colbert Packaging Receives Safe Quality Food (SQF) Certification
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses