Health Savings Accounts

Devenir is a leading independent investment advisor and consultant in the health savings account industry. As an early entrant into the HSA market and with our primary business focusing on investment solutions for the consumer driven healthcare market, Devenir has developed a passion and expertise surrounding the HSA industry. Our experience with HSAs since their adoption in 2004 has given Devenir a unique perspective and keen insight on the growth of health savings accounts and the needs of HSA custodians.

Devenir has partnered with some of the largest banks, administrators, and technology partners to provide a first class, convenient and cost effective HSA investment solution for their HSA customers.

HSA’s are an increasingly popular option for many individuals and businesses around the country, with our latest survey results showing 6.3 million HSA accounts holding over $11.7 billion in assets. In this highly competitive market place, adding investment options can help add further value to your HSA product.

In fact experts predict that the average 65 year old couple retiring today will need an additional $250,000 over and above Medicare to pay for medical expenses in retirement. The addition of HSA investment options allows account holders to access a cost-effective investment option to potentially grow their HSA dollars for those future healthcare needs.

The Competitive HSA Model:

Why Devenir?

• Devenir is the leading HSA investment advisor in the country
• As an HSA pioneer Devenir has gained a wealth of experience and deep understanding of the HSA market
• Devenir features clients of all sizes, ranging from small community banks to Fortune 50 companies. No matter what size your business, we are there to help meet your HSA investment option needs.
• We are focused on the HSA market, Devenir’s primary focus is to providing investment solutions for HSA accounts
• With our experience and size we are often able to achieve economies of scale with mutual fund companies to eliminate sales loads typically found in other HSA mutual fund offerings.
• Same day exchanges with next day settlement when most are 3 day settlement. Allowing customers quicker access to cash to pay for pending claims.
• We offer innovative technology platforms that help seamlessly integrate your existing HSA platform with our investment option.
• Private label solutions to complement your brand, meet your specific customized investment objectives as well as technology integration requirements

What we offer…

Devenir provides HSA investment solutions that can be bundled with your On-line Banking, Administrative or Custodian services. Our investment solution includes:

• Investment custodial services
• A wide array of mutual fund choices through our open architecture platform
• Prospectus and proxy services
• Self directed online brokerage options
• Recordkeeping software that includes:
  • On-line web tools, including account history, balance information, contribution election, and exchanges
  • On-line or paper statements
  • On-line planning tools
  • Single sign on or web services capabilities
• Sales and marketing support
• Customer service education and training
• Daily account balance feeds between Devenir and Client
• Automated Distribution Processing
• Automated Rollover from Client to the Investment Program
• Phone VRU / IVR account access
• Group level and global program access for Client
• Website and investment customization capabilities for large plans
• Bank account balance integration