HealthEquity

HealthEquity’s central role is administering health-related benefit accounts, including health savings accounts, for employers and their employees. Those accounts can bring eligible medical savings and spending into one place, with account information and benefit administration handled through the company’s services. By our assessment, that focus is valuable for people navigating employer health benefits, but the accounts are governed by eligibility rules and plan details; it is not a general-purpose bank account or a substitute for health insurance. The practical experience depends partly on the employer’s benefit setup, so the available tools are not identical for everyone. Compared with handling each benefit separately, the appeal is having account administration tied to the workplace plan. The company’s work is most useful when the employer’s chosen benefits and the account holder’s needs line up.