HSAs Interest FIs, If Not Consumers
Glen Fest reports for Bank Technology News on health savings accounts and the increasing interest that financial institutions have in offering these accounts.
Regardless of the slogging pace and iffy outlook, banks, vendors and insurers are maintaining a bull run on the faith that HSAs will turn into the multi-billion industry touted since their introduction two years ago. "We have 100 financial institutions that are selling HSAs to the retail and wholesale environment," says Frank D'Angelo, president and COO of Metavante Corp.'s payments group. "We feel there will be a lot of movement in the next 12 to 24 months."
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