HealthEquity Inc. (HQY)

Profile

https://www.healthequity.com

HealthEquity Inc. is a technology-enabled services platform that empowers consumers, employers, and health plans to manage healthcare savings and spending decisions. It specializes in administering health savings accounts (HSAs), serving as a non-bank HSA trustee designated by the IRS, along with flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and pre-tax commuter benefits. The company provides investment platforms, online automated advisory services, payment processing, personalized benefit information, and wellness incentives to help users grow tax-advantaged savings. HealthEquity Inc. also offers Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation services and consumer-directed benefits, facilitating efficient healthcare expense management. Its integrated solutions support a wide range of clients in the healthcare and financial services sectors, streamlining benefits administration and enhancing consumer control over health-related finances. Founded in 2002 and headquartered in Draper, Utah, HealthEquity Inc. plays a key role in the growing market for consumer-driven healthcare accounts.