HealthEquity (NASDAQ: HQY) — Company Overview, News & Financial Data
HealthEquity offers technology-enabled services for managing HSAs and consumer-directed benefits to empower healthcare spending.
HealthEquity
HealthEquity is a provider of technology-enabled services and administration for health savings accounts and other consumer-directed benefits in the United States. The company connects healthcare consumers with health plan partners, benefits advisors, and employers to deliver custodial services and administrative management for tax-advantaged accounts. Its core offerings include health savings accounts, flexible spending accounts, health reimbursement arrangements, lifestyle spending accounts, flexible payment options, commuter benefits, and COBRA administration. Through its cloud-based proprietary platform and mobile applications, HealthEquity serves millions of consumer accounts and tens of thousands of employer clients across diverse industry sectors nationwide.
Snapshot
Operations
Products and/or services of HealthEquity
- Health Savings Accounts: Custodial and investment administration services for health savings accounts, enabling eligible individuals to make tax-deductible contributions, pay for qualified medical expenses, and invest accumulated account balances into mutual funds and financial options.
- Flexible Spending Accounts: Flexible spending account and dependent care flexible spending account administration, permitting employees to allocate pre-tax salary deductions for out-of-pocket healthcare expenses, daycare, preschool, and elder care costs.
- Health Reimbursement Arrangements: Custom employer-funded health reimbursement arrangement management, delivering tailored reimbursement options that integrate directly with health insurance plans and operate alongside other tax-advantaged health accounts.
- Health Payment Accounts: Employer-sponsored health payment account solutions that allow individual health plan members to divide eligible out-of-pocket medical care expenses into interest-free and fee-free payment installments.
- Commuter and Lifestyle Accounts: Qualified commuter benefit plans for transit and parking alongside post-tax employer-funded lifestyle spending accounts that reimburse employees for physical, emotional, social, and financial wellness expenses.
- COBRA Administration: Comprehensive continuation coverage administration services managing notices, election processing, premium collection, carrier notifications, and ongoing regulatory compliance for former employees under COBRA guidelines.
HealthEquity executive team
- Mr. Scott R. Cutler J.D.CEO, President & Director
- Dr. Stephen D. Neeleman M.D.Founder & Vice Chairman
- Mr. James M. LucaniaCFO & Executive VP
- Mr. Elimelech RosnerExecutive VP & CTO
- Mr. Delano Ladd J.D.Executive VP, General Counsel & Secretary
- Mr. Michael FioreExecutive VP & Chief Commercial Officer
- Mr. Richard PutnamVice President of Investor Relations
- Mr. Steve LindsayExecutive Vice President of Sales & Relationship Management
- Mr. Brad BennionExecutive Vice President of Corporate Development & Strategy
- Mr. Mukund RamachandranChief Marketing Officer