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Banks, Trustees
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TRIPLETT SAYS HSAs GAINING MOMENTUM
HSA plans have really begun to gain momentum in the past 12 to 18 months, according to Dennis Triplett, president of UMB Healthcare Services (Kansas City, MO), a division of UMB Financial Corp. that offers HSAs.
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FIDELITY SAYS RETIREES NEED $226K FOR HEALTH COSTS
Fidelity Investments (Boston) released its annual estimate of out-of-pocket healthcare costs in retirement, noting that a 65-year-old couple retiring in 2008 will need $225,000 to cover expected medical treatments, up 4.7% from the 2007 estimate of $215,000.
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OPTUM HAS $560+ MILLION IN HSA ASSETS
OptumHealth Financial Services, a unit of UnitedHealth Group formerly operating under the name Exante, has 1.5 million consumer healthcare accounts and more than $560 million in HSA assets under management, the company said.
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ACS/MELLON TOPS 450,000 HSAs
ACS/Mellon, an HSA administration service from Affiliated Computer Services (Dallas) that uses Mellon for account processing, announced that it manages more than 450,000 HSAs with more than $350 million in assets.
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TOP BANKS HAVE $2.6 BB IN HSA ASSETS
Twenty-one leading banks had 1.99 million health savings accounts with an estimated $2.603 billion in total deposits as of Dec. 31, 2007, according to a tally by HMN.
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