Richmond, VA (PRWEB) August 01, 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 its HSA featuring mutual funds from MFS Investment Management®.
This new HSA offers 22 MFS® funds, including eight MFS Lifetime® target date funds. Participants can invest immediately in these funds when they open an account due to HealthSavings’ first dollar investment program, which enables accountholders to save efficiently for both current and future healthcare expenses without large minimum balance requirements.
HealthSavings’ emphasis is on helping individuals build assets for future eligible medical expenses, which
means its HSA becomes part of accountholders’ medical planning and retirement planning strategy.
“HSAs are an integral part of a comprehensive retirement planning strategy,” said Pat Jarrett, President of HealthSavings. “MFS’ outcome-oriented funds perfectly complement our retirement-focused, investment HSA program.”
MFS is a leading innovator in the investment management industry, tracing its roots to 1924 and the creation of the first open-end mutual fund in the U.S. MFS also created one of the first in-house research departments in the mutual fund industry in 1932 and launched both the industry's first high-yield municipal bond fund and the first global balanced fund. More recently, MFS has created "outcome-oriented" products, such as its line of target-risk, target-date and other multi-asset and asset allocation strategies.
“At MFS, a consistent long term discipline drives the way we think and the way we invest,” said Jim Jessee, President of MFS Fund Distributors, Inc., and co-Head of Global Distribution. “We believe MFS funds are a great fit for HealthSavings’ platform, given both firms' long term focus."
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 and providing custodial services for more than 70,000 HSAs. 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 MFS 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.