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.

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.