HSA Bank

HSA Bank is a division of Webster Bank, N.A., a financial institution headquartered in De Pere, Wisconsin. It specializes in providing health savings accounts (HSAs) and related services to individuals, employers, and brokers.

HSA Bank acts as a custodian for HSA funds, offering various investment options and tools for managing healthcare expenses. They are a third-party administrator (TPA) facilitating contributions, distributions, and reporting related to health savings accounts.

The services provided by HSA Bank generally include:

• HSA Custodial Services: Holding and managing HSA funds.
• Debit Cards: Providing debit cards for easy access to HSA funds for qualified medical expenses.
• Online Account Management: Offering online portals for account holders to view balances, track transactions, and manage investments.
• Investment Options: Providing various investment options for HSA funds to grow over time.
• Employer Services: Assisting employers with offering and administering HSAs to their employees.
• Compliance: Ensuring compliance with HSA regulations and reporting requirements.

HSA Bank's operations are subject to regulations governing financial institutions and health savings accounts. They are a major player in the HSA market in the United States.