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[imtoken苹果版下载官网]Survey Shows Financial Institutions See HSA

管理员 区块链交易所 2022年04月05日
  MINNEAPOLIS, Jan. 23 /PRNewswire/ -- A majority of the nearly 1,200 financial institutions responding to a recent Wolters Kluwer Financial Services survey say they are offering their customers Health Savings Accounts (HSAs) and that the top reason they are doing so is customer demand.

Sixty-two percent of the survey''s respondents, a majority of which were community banks and credit unions, said they are offering HSAs while more than one in three of the respondents who said they weren''t, are planning to do so in the next three months.

Customer demand topped the list of reasons institutions began offering HSAs (80 percent). Second on the list was the ability HSAs give them to generate new accounts (58 percent), with increasing cross-sell opportunities (51 percent) and growing revenue (51 percent) also noted as significant reasons.

Of the nearly 1,200 financial institutions surveyed, approximately 24 percent said they had no plans to offer HSAs or weren''t sure of their plans to do so. These institutions cited customer demand, lack of understanding of HSAs and lack of management interest in offering HSAs as reasons.

While HSAs are growing in popularity with financial institutions, customers are still in the early stages of adoption, which may explain why customer demand is cited as both the number one reason institutions began or have not yet begun offering HSAs. The majority of institutions responding to the survey reported a small number of HSA accounts. Sixty-nine percent of respondents reported 100 or less HSA accounts, 18 percent reported 101 to 500 accounts and seven percent listed more than 500.

"Banks and credit unions know HSAs present them with a significant business opportunity and additional way to better serve their customers," said Dave Roy, vice president and general manager, Banking, Wolters Kluwer Financial Services. "But it''s also evident that this market is still relatively untapped, and the greatest potential lies ahead, especially as healthcare costs continue to climb and consumers look for more effective ways to save and finance those costs."

Wolters Kluwer Financial Services offers financial institutions a comprehensive, compliance-based set of HSA solutions, which includes:

-- HSA Director(TM), an online solution that allows institutions to automate such HSA-related business processes as eligibility, enrollment, account management, claims submission, expense substantiation, receipt storage, reporting, analysis, customer service and Internal Revenue Service (IRS) regulatory form filing; -- Training to help staff understand and implement an HSA program; -- Documents required to complete HSA transactions; and -- A marketing program designed to help promote HSAs and ensure the program''s success. To view the survey results, please visit

To view the Health Savings Account products and services Wolters Kluwer Financial Services has to offer, please visit

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization''s prominent brands include Bankers Systems, VMP? Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne? GainsKeeper?, CCH? Capital Changes, NILS INSource?, AuthenticWeb(TM) and CCH Wall Street?.

Wolters Kluwer Financial Services'' solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of euro 3.4 billion ($4.3 billion), employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit

Source: Wolters Kluwer Financial Services
  


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