HQY Profile
HealthEquity, Inc., based in Draper, Utah, operates as a leading provider of technology-enabled services platforms in the United States. The company specializes in offering cloud-based solutions that empower consumers and employers to manage health savings and spending decisions effectively. Its platforms facilitate the payment of healthcare bills, comparison of treatment options and costs, personalized benefit and clinical information, wellness incentives, savings growth, and investment choices.
Central to HealthEquity's offerings are health savings accounts (HSAs), which promote tax-advantaged savings for healthcare expenses. The company also provides a mutual fund investment platform and online automated advisory services through Advisor, an intuitive web-based tool designed to assist users in making informed investment decisions.
In addition to HSAs, HealthEquity offers a range of flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and services related to Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation. The company administers pre-tax commuter benefit programs, further enhancing its comprehensive suite of benefits management solutions.
Founded in 2002, HealthEquity serves its clients through a direct sales force, benefits brokers, advisors, and a network of health plans, benefits administrators, consultants, and retirement plan record-keepers. The company continues to innovate in the healthcare benefits space, leveraging technology to streamline healthcare finance management and empower individuals and organizations to achieve financial health and wellness goals.
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