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HealthEquity and First HSA Partner To Extend Industry Leadership
Date:4/27/2010

Healthcare Financial Services Pioneers Partner To Help Members Build Health Savings

Draper, UT (Vocus) April 27, 2010 -- HealthEquity, Inc. announced today that it is partnering with First HSA, LLC of Reading, PA to become the custodian and payment transaction processor for First HSA’s 43,000 health savings account (HSA) holders.

As a result of this partnership, First HSA members will soon enjoy some of the same benefits HealthEquity members receive in building their health savings, such as a wider variety of investment options and free online bill pay. In exchange, HealthEquity will extend its presence in the Northeast by providing custodial services to First HSA’s employer and health plan partners.

“Our partnership is a joining of the two best independent HSA administrators in the country,” stated Jon Kessler, Executive Chairman of HealthEquity, Inc. “It is our operational excellence and our passion to help members build health savings that will allow this partnership to grow and impact the market as more and more people select HSAs in the future.”

“The advantages of this partnership will be felt by our members almost immediately,” said Dr. William West, co-founder of First HSA. “They will get the same high level of customer service and support they have always experienced, while getting a better, more streamlined technology product with enhanced functionality that will improve their overall HSA experience.”

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