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HSAs remain a popular option among Americans, with over 22 million people enrolled in HSAs at year-end 2017 and total assets reaching approximately $45.2 billion. Today, we're seeing accountholders use their HSAs to pay for current health care expenses as opposed to saving for the future due to the rising cost of health care.
Kansas City Business Journal introduces Ben Morris with a profile piece on his background and history with UMB Healthcare services.
Ben Morris, new CEO of UMB Healthcare Services, was part of the original team of six who founded the fast-growing subsidiary
UMB announced that its individual health savings accounts surpassed 1.25 million as of Jan. 31, 2018, compared to 988,000 accounts as of Jan. 31, 2017. In addition, UMB Healthcare Services reached $2.6 billion in health savings account (HSA) deposits and investments as of Jan. 31, 2018, a 32 percent increase from the $2 billion at Jan. 31, 2017.