HSA Bank: HSA Balances Grow Despite Uncertain 2009
23 February 2010 - 3:00AM
PR Newswire (US)
WATERBURY, Conn., Feb. 22 /PRNewswire-FirstCall/ -- HSA Bank
reported today that the average Health Savings Account (HSA)
balance carried into 2010 grew by 7.6 percent over the balance
carried into 2009. The average balance of these accounts grew even
though the nation faced the uncertainty of a recovering global
economy, ailing retirement accounts, unemployment and healthcare
reform. "The percentage growth of accountholder balances was lower
than we have seen in recent years," said Kirk Hoewisch, president
of HSA Bank. "However, the fact remains that balances grew despite
all the uncertainty we faced as a country in 2009, especially in
the economy and the healthcare industry." The average balance for
an HSA Bank accountholder climbed to nearly $2,600. The funds that
are rolled over can be used to pay for medical expenses incurred in
2010, or the accountholder can continue to roll the funds over to
use for future medical expenses or a supplemental retirement
savings. For more information about HSA Bank, visit
http://www.hsabank.com/. HSA BankĀ® is a division of Webster Bank,
N.A., member FDIC, the wholly-owned subsidiary of Webster Financial
Corporation (NYSE:WBS). HSA Bank serves customers in every state in
the nation and has more than 12 years of experience with health
care savings accounts. HSA Bank continuously strives to offer the
best HSA product in the industry. HSA Bank combines convenience,
service and savings with low account maintenance fees, competitive
interest rates, several investment options, 24-hour account access
online or through its automated telephone system, and outstanding
personal service. Webster Financial Corporation is the holding
company for Webster Bank, National Association. With $17.7 billion
in assets, Webster provides business and consumer banking,
mortgage, financial planning, trust and investment services through
181 banking offices, 501 ATMs, telephone banking and the Internet.
Webster Bank owns the asset-based lending firm Webster Business
Credit Corporation, Center Capital Corporation, an equipment
finance company headquartered in Farmington, Conn., and provides
health savings account trustee and administrative services through
HSA Bank, a division of Webster Bank. Member FDIC and equal housing
lender. For more information about Webster, including past press
releases and the latest annual report, visit the Webster website at
http://www.websterbank.com/. Media Contact: HSA Bank: Patrick Rose
920-400-0398 Webster: Ed Steadham 203-578-2287 DATASOURCE: Webster
Financial Corporation CONTACT: HSA Bank, Patrick Rose,
+1-920-400-0398, ; or Webster, Ed Steadham, +1-203-578-2287, Web
Site: http://www.websterbank.com/ http://www.hsabank.com/
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