Devenir News & Insights

HSA Bank announced today the addition of six new investment options to the Mutual Fund Selection investment account. Through a strategic partnership with Devenir, the national leader in investment options for health benefit plans, HSA Bank accountholders now have the option of investing in even more asset classes and load-waived mutual funds.

HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006

Individuals contributed $754 million nationally to HSAs in 2005 and withdrew $360 million, according to the GAO. Because HSAs have only been available in their current form since 2004, balances are still relatively small.

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Eric Remjeske, President of Devenir, the national leader in providing such investment options sights “we are seeing a tremendous amount of interest implementation of such funded HRA and VEBA structures with self- directed investment options.” Because the structure of these plans is complex, the guidance of an expert in the area of VEBA trusts is […]