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UMB HSAs top $1 billion

UMB Healthcare Services said Tuesday its surpassed $1 billion in health savings account deposits and assets after growing 36 percent in the past year.

By Kathryn Mayer | Updated on February 03, 2015
(AP Photo/Damian Dovarganes, File)

UMB Healthcare Services said Tuesday it’s surpassed $1 billion in health savings account deposits and assets after growing 36 percent in the past year.

The number of its HSAs has now grown to more than 600,000 individual accounts as of Jan. 31, up 34 percent from its nearly 450,000 accounts a year ago, the company, a subsidiary of Kansas City-based UMB Financial Corp., said.

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