Q. Who is Humana’s banking partner for HSAs?
UMB Bank is the custodian for your employees’ HSAs. Employees who have the HSA Enhanced and choose to invest HSA funds go through UMB Financial Services.
UMB Financial Corporation (NASDAQ symbol UMBF) is a multi-bank holding company headquartered in Kansas City, MO. UMB was one of the first banks in the country to offer Medical Savings Accounts - the predecessor of Health Savings Accounts. Employees benefit from having Humana as a first point of contact for administration of both the health plan and the HSA, while they have access to the financial resources and guidance of UMB.
For more details about the advantages of choosing an HSA from Humana, see Health Savings Account.