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.

Invest in your HSA with UMB HSA Saver

Now you can invest your HSA savings in UMB HSA Saver and take advantage of our easy-to-use investing platform.

HSAs build long-term wealth

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.

Watch how to use your HSA

Make the most of your HSA by watching this informational video.