Navigation Links
Wells Fargo Health Savings Accounts Grow to Quarter-Billion Dollars
Date:5/19/2008

Tax changes drive increased deposits

MINNEAPOLIS, May 19 /PRNewswire-FirstCall/ -- Wells Fargo & Company (NYSE: WFC) said today that Health Savings Accounts (HSAs) deposits increased 41 percent year to date, totaling more than a quarter-billion dollars for the first time.

Wells Fargo Health Benefit Services reported that more than 150,000 account holders -- many of whom took advantage of higher 2007 contribution limits before the April 15 deadline -- now hold $264 million in HSA deposits.

"Tax law changes helped consumers understand contribution limits and really drove these large deposit increases," said Jose Becquer, head of Wells Fargo Health Benefit Services. "Now our customers feel like they can use an HSA to meet today's health care needs and prepare for tomorrow."

HSAs, created as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, help individuals manage their health care spending and save pretax dollars for future medical expenses. Accounts are open to consumers who are enrolled in a high-deductible health plan, either individually or through employers.

"Wells Fargo was among the first to offer HSAs, so we have the experience to help individuals and employers take full advantage of their expanded benefits," said Becquer.

Wells Fargo Health Benefit Services (HBS), a division of Wells Fargo Bank, N.A., is a premier provider of health and wealth management solutions for companies across the nation. Headed by Jose Becquer in the Wholesale Services Group, HBS helps companies provide tax-advantaged health care solutions for their employees. With a national service center in Salt Lake City, HBS began offering health savings accounts (HSAs) in 2004 and holds more than $260 million on deposit for 150,000 account holders. Learn more at http://www.wellsfargo.com/hsa.

Wells Fargo & Company is a diversified financial services company with $595 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."


'/>"/>
SOURCE Wells Fargo & Company
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Wells Fargo Offers Online Benefit Administration for Business and Individual Healthcare Consumers
2. DaVita to Open First Independent Dialysis Clinic in Fargo-Moorhead
3. Penn study finds pro-death proteins required to regulate healthy immune function
4. UCLA researchers identify markers that may predict diabetes in still-healthy people
5. Air pollution linked to cardiovascular risk indices in healthy young adults
6. More proof needed of safety and quality of electronic personal health records
7. Health care incentive model offers collaborative approach
8. Loneliness is bad for your health
9. Mailman School of Public Health study examines link between racial discrimination and substance use
10. Green Tea May Brew Up Healthier Skin
11. For Health Info, Women Often Turn to the Web
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/29/2016)... Aliso Viejo, CA (PRWEB) , ... May 29, 2016 , ... ... Web Volume 3 let's the user control the style of their project," said Christina ... a set of 30 self-animating web-themed intros created exclusively for use in Final Cut ...
(Date:5/28/2016)... ... 2016 , ... SuperCloset is proud to officially launch our “Helping Veterans ... struggles and obstacles veterans’ need to overcome in order to face their life changes ... military veteran(s) with a donated SuperCloset product based on the needs and ability of ...
(Date:5/28/2016)... ... May 28, 2016 , ... "Color Grading media can be time ... preset onto their media," said Christina Austin - CEO of Pixel Film Studios. ... and easily add stylish color grades to their footage. A LUT is a Lookup ...
(Date:5/28/2016)... AL (PRWEB) , ... May 28, 2016 , ... May ... US Open Martial Arts Fighting Challenge with theme event of “K Warriors” on June ... Mobile, AL 36608. , The event is sponsored and hosted by Shaolin Institute ...
(Date:5/28/2016)... (PRWEB) , ... May 28, 2016 , ... After a year and a half of ... was an extraordinary event. The Multiple Pathways of Recovery Conference was held May 2 ... the country and the United Kingdom came together to explore the many pathways individuals use ...
Breaking Medicine News(10 mins):
(Date:5/27/2016)... the necessity of health literacy within the technology advancement of diagnostic imaging. According to a ... majority of oncology patients undergo imaging screenings without understanding the nuanced risks associated with ... ... ... Diagnostic Imaging Ampronix ...
(Date:5/27/2016)... -- LabStyle Innovations Corp . ( NASDAQ: ... announced that the Company,s Chief Financial Officer, Zvi Ben-David ... June 1-2 in New York, NY ... Los Angeles, CA. During ... milestones, including the U.S. FDA Clearance and commercial launch of ...
(Date:5/27/2016)... PUNE, India , May 27, 2016 ... in the instances of hypertension is driving ambulatory blood ... muscles lose their elasticity and their ability to respond ... blood pressure. This condition can lead to various cardiovascular ... and peripheral vascular disease. These diseases are growing in ...
Breaking Medicine Technology: