HSAs and Benefit Spending Accounts

Your Complete Benefit
Spending Accounts Solution

For HSAs, FSAs, HRAs, and Commuter accounts, you need a partner that’s
stable, flexible, efficient, and driven to delight. That’s UMB.

Get Started!

HSAs and Benefit Spending Accounts

Your Complete Benefit Spending Accounts Solution

For HSAs, FSAs, HRAs, and Commuter accounts, you need a partner that’s stable, flexible, efficient, and driven to delight. That’s UMB.

Get Started!

Industry Leading

UMB brings a wealth of expertise and experience to the full spectrum of health savings account administration.

Smart Tools

You will have access to flexible enrollment options and insightful data analytics tools.

Turnkey

We provide you with an industry leading, turnkey HSA that’s easy to implement and operate.

Connect with Us

With UMB, your employee HSA and benefit spending accounts program will be made easy, effective, and hassle-free.

Let’s Connect
 
Or call 855-664-4160

Health Savings Accounts (HSAs)

An HSA is a smart tool that can help your employees prepare for future healthcare expenses and manage day-to-day medical costs. Some people use their HSAs to pay healthcare bills as they come in, while others prefer to save for future needs. Because funds in an HSA never expire, your employees have an opportunity to build their balance over time.

Flexible Spending Accounts (FSAs)

An FSA is a great tool to help employees set aside money, pre-tax, for healthcare and dependent expenses, while also allowing the employer to avoid payroll taxes (7.65% for Medicare and Social Security) on employee and employer contributions. Medical and Limited Purpose FSA dollars are available to employees immediately which helps with unexpected medical expenses.

Health Reimbursement Arrangements (HRAs)

An HRA is an employer-funded, tax advantaged health benefit used to reimburse employees for out-of-pocket medical expenses and personal health insurance premiums. Through HRAs, employers reimburse employees directly only after the employees incur approved medical expenses. This feature is especially helpful for businesses that want to retain control over their cash flow.

Commuter Benefits

Commuter Benefits is an employer-provided voluntary benefits program that allows employees to reduce their monthly commuting expenses for transit, vanpooling and work-related parking costs. Employers can offer commuter benefits as pre-tax only or also include post-tax.

One Simple Solution for You and Your Employees

UMB makes it easy to plan, save and pay for healthcare, dependent, and commuter expenses.

As both the HSA custodian and plan administrator for benefit accounts, we provide the seamless administration and support you need to bring your benefit strategy to life. Attract and retain employees with financial wellness tools that helps them plan, save, and pay for health care, dependent, and commuter expenses.



Smart Tools for You

  • Simple and secure online access to key information and real-time reports
  • Flexible enrollment options
  • Educational support to drive employee adoption and engagement—including decision support tools and welcome kits

An Effortless Experience for Your Employees

  • A secure member portal that simplifies the claims experience and keeps accountholders informed in real time via texts and emails
  • A convenient way to pay bills, reimburse themselves for expenses, and access discounts and online shopping offers
  • Phone, email and chat support from knowledgeable, U.S.-based representatives
  • Self-directed investment options for their HSA funds


Your Partner for Benefit Accounts

We provide industry leading, turnkey HSAs and Benefit Spending Accounts that are easy to implement and manage.

Contact Us
 
Or call 855-664-4160

UMB by the Numbers

As an established leader in the financial healthcare service industry, UMB brings a wealth of expertise to the full spectrum of benefit account administration.

108 years

Of financial leadership

More than 5.4 million

Healthcare debit cards in circulation

1.4 million

Health savings accounts totaling more than $3 billion in assets and deposits

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