“HSAs are an integral part of a comprehensive retirement planning strategy,” said Pat Jarrett, President of HealthSavings. “The TIAA-CREF target date funds perfectly complement our retirement-focused, investment HSA program.
Richmond, Virginia (PRWEB) May 09, 2016
HealthSavings Administrators, among the top 1% of the nation’s health savings account (HSA) investment companies in accounts and assets, proudly announces the launch of their HSA featuring TIAA-CREF funds.
This new HSA offers 11 TIAA-CREF funds, including 9 target date funds. Participants can invest immediately in these funds when they open an account due to HealthSavings’ first dollar investment program, which enables account holders to save efficiently for both current and future healthcare expenses without large minimum balance requirements.
“HSAs are an integral part of a comprehensive retirement planning strategy,” said Pat Jarrett, President of HealthSavings. “The TIAA-CREF target date funds perfectly complement our retirement-focused, investment HSA program. Plus, our online platform, the Investment Provider Xchange™ (IPX), provides participants with one, single sign-on platform for opening their HSA, self-directing investments, ordering debit card(s), making contributions and withdrawals, viewing statements and other educational materials.”
“With IPX, we’re able to offer the single delivery of custodial services, including cash processing and debit cards, as well as necessary administrative and recordkeeping services,” noted Scott Pearson, President of FPS Trust Company, the platform’s custodial service provider.
HSAs are much like individual retirement accounts, but the funds are reserved for eligible healthcare expenses. The money is deposited tax free or tax deductible, and the funds remain tax free when used to pay or reimburse for eligible medical expenses. Learn more at HealthSavings.com.
About HealthSavings Administrators
HealthSavings helps clients prepare for life’s changing health and financial needs with investment health savings accounts (HSAs). The company got its start in 1996 as a medical savings account (MSA) administrator and shifted focus to HSAs after the legislation enacting HSAs passed in January 2004. The company manages nearly $500 million in investments with clients in all 50 states, including employer groups, brokers, financial advisors and individual investors. Known as “the investor’s HSA,” HealthSavings has been consistently recognized as one of the best values in HSAs with mentions in Forbes, Money magazine, the Wall Street Journal, Kiplinger’s and Reuters as well as various online publications. Learn more at HealthSavings.com.
About FPS Trust Company
FPS Trust Company is a non-depository trust company dedicated to serving financial intermediary clients. It’s innovative, cost-efficient products and services are designed to ensure streamlined processing and electronic solutions. The company strives to consistently deliver industry-leading products with exceptional service. It provides a positive environment for impeccable standards, professional ethics and integrity for our clients and our employees. It specializes in offering agent custody and transactional processing services to mid-market financial services companies. FPS Trust Company prides itself in being loyal and ethical. And will work to meet your objectives with an uncompromising commitment to integrity. Learn more at fpsgroupllc.com.
About the Investment Provider Xchange™ (IPX)
The Investment Provider Xchange™ (IPX) is a custodial / trust / trading and administrative service driven by innovative cloud-based technology that addresses the needs of investment providers and their distribution channels. HealthSavings and FPS Trust are able to offer TIAA-CREF and other funds through IPX, which links to the NSCC via Matrix/Broadridge and completely automates account opening and transaction activity. Learn more at http://www.fpstrustco.com/Investment-Provider-Xchange.
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