HealthEquity, Inc. (NASDAQ: HQY) is a leading provider of consumer-directed benefits solutions in the United States. Founded in 2002 and headquartered in Draper, Utah, the company has established itself as a trusted administrator of Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and related benefit programs. HealthEquity operates a cloud-based platform that helps individuals and employers navigate the complexities of pre-tax healthcare spending while complying with federal regulations such as HIPAA and ERISA.
The company’s core offerings include HSA custodial services, FSA and HRA plan administration, COBRA continuation coverage and commuter benefits. Through an integrated digital portal and mobile app, HealthEquity provides participants with real-time account access, educational resources and a health-related debit card. The platform also features tools for reimbursement claims, expense tracking and automated payroll integration, enabling seamless data exchange with major payroll and benefits systems.
HealthEquity serves a diverse client base, ranging from small businesses to large enterprises across all 50 states. Its solutions are designed to streamline benefits administration for employers while empowering employees to take greater control of their healthcare finances. The company supports millions of consumer-directed benefit accounts and collaborates with brokers, third-party administrators and financial institutions to expand its reach and enhance plan offerings nationwide.
Under the leadership of President and Chief Executive Officer Jon Kessler, HealthEquity has pursued strategic acquisitions and product enhancements to bolster its market position. The senior management team combines expertise in financial services, technology development and regulatory compliance. Guided by an experienced board of directors, HealthEquity continues to innovate its platform, aiming to simplify benefits management and promote greater financial wellness for individuals and organizations alike.
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