Glossary

Glossary - G

Generic Drugs

Drugs that have the same active ingredient and have a similar composition as “brand” name drugs but are normally sold at a lower price.

Group

An employer or an entity purchasing and providing healthcare benefits to its employees or other individuals.

Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

HSAs are available to help pay for current qualified medical expenses as well as to save for future expenses, all in a tax-exempt account.

Take the guesswork out of HSA administration

The UMB HSA empowers you and your clients with robust analytics, reporting tools and the communication support you'd expect from a top 10 HSA custodian.

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