News & Insights
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Get the latest healthcare industry trends, plus read about how UMB Healthcare's CEO Begonya Klumb was recently honored as one of the 25 Women to Watch in banking.
More employers are shifting health care costs to employees as costs rise. Oklahoma businesses are examining health savings accounts to reduce insurance costs, said Health and Welfare Consultant Kristy Ventimiglia with insurance brokerage firm Arthur J. Gallagher & Co.
UMB Healthcare Services Chairman Dennis Triplett said his company offers support services to clients with HSAs, which is one reason behind that growth. The company provides employee-education tools and guidelines for human resource managers. Communicating changes to employees is critical, he said.
On Sept. 20, 2016, The Bancorp, Inc. and UMB Bank, n.a. announced that they have entered into an agreement for UMB to acquire a subset of The Bancorp’s remaining health savings accounts (HSAs). The portfolio includes approximately 40,000 accounts with $76 million in deposits and investment assets.