Glossary

Glossary - N

NAV

See Net Asset Value

Net Asset Value

The market value of a mutual fund share. This is the price at which shares of a mutual fund are bought or sold. Net Asset Value is determined by subtracting the fund’s liabilities from the fund’s assets and dividing the result by the total number of shares outstanding.

Network

A contracted group of physicians, hospitals and ancillary providers that offer healthcare services to members.

Non-qualified Distributions

Distributions that do not qualify as reimbursable medical expenses.

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

Easily track and manage your healthcare receipts using ReceiptVault.

HSA FAQ Resource

Find answers to your most common HSA questions in our comprehensive HSA FAQs section.