HealthEquity Inc., a privately-held health-care company in Salt Lake City that specializes in health savings accounts in partnerships with banks among others, has announced the closing of a $6.6 million round of financing, which it said will be used for further expansion.
Health savings accounts are a tax-exempt way to pay routine medical expenses in combination with high-deductible health insurance. HealthEquity said it sees rapidly growing demand for the product's combination of banking and consumer services. "Health plans, third-party administrators, banks, and employer groups are reaching out to HealthEquity for our complete HSA solution," Dennis Stover, the senior vice president of product development, said in a press release Tuesday.
It has nearly 700 partner companies.
