# HealthEquity

> HealthEquity is a publicly traded healthcare-finance company that administers health savings accounts and adjacent employee benefits. Its HSA-first platform combines custody, payments, investing, reimbursements and benefits administration for employers, advisors, health plans, retirement providers and more than 17 million member accounts.

- **Founded:** 2002
- **Headquarters:** Draper, United States
- **Founders:** Stephen D. Neeleman, MD (Founder and Vice Chairman), Nuno Battaglia (Co-founder), David Hall (Co-founder)
- **Team size:** Approximately 3,100 employees as of fiscal 2026; LinkedIn lists 1,001-5,000 employees.
- **Products:** Health Savings Accounts, Flexible Spending Accounts, Health Reimbursement Arrangements, COBRA administration, Commuter and lifestyle benefits
- **Notable:** Became a federally approved non-bank HSA trustee in 2006., Reached $1 billion in managed HSA assets in 2012., Listed on Nasdaq under HQY in 2014 at $14 per share.

## Products & services

- **Health Savings Accounts** — Tax-advantaged accounts with spending, saving, investing, payment-card and account-management tools.
- **Flexible Spending Accounts** — Employer-sponsored pre-tax accounts for eligible healthcare and dependent-care expenses.
- **Health Reimbursement Arrangements** — Employer-funded arrangements that reimburse eligible healthcare expenses.
- **COBRA administration** — Enrollment, billing and compliance administration for continuation coverage.
- **Commuter and lifestyle benefits** — Administration for pre-tax transit, parking and employer-defined lifestyle programs.
- **HealthEquity Assist** — Integrated tools including benefits analytics, healthcare navigation, price transparency and engagement programs.
- **Health Payment Account** — A Paytient-powered, employer-sponsored line of credit for eligible care with no interest or fees for employees.
- **Direct HSA enrollment and wellness marketplace** — Consumer HSA enrollment plus an in-app marketplace that launched with a GLP-1 telehealth weight-management offering.
- **Agentic AI member support** — Parloa-powered conversational support designed to understand requests and take actions, released in phases through 2026.

## Achievements

- Became a federally approved non-bank HSA trustee in 2006.
- Reached $1 billion in managed HSA assets in 2012.
- Listed on Nasdaq under HQY in 2014 at $14 per share.
- Acquired WageWorks in 2019 to create a broader consumer-directed benefits platform.
- Reached 10.6 million HSAs, 17.8 million total accounts and $36.5 billion in HSA assets at January 31, 2026.
- Generated record fiscal 2026 revenue of $1.31 billion and net income of $215.2 million.
- Earned a Great Place To Work certification for May 2026-May 2027.

## Latest updates

- **2026-03** — Reported fiscal 2026 revenue of $1.31 billion, $215.2 million in net income, 17.8 million total accounts and $36.5 billion in HSA assets; raised fiscal 2027 outlook.
- **2026-03** — Appointed Sanford Health president and CEO Bill Gassen to the board of directors.
- **2026-02** — Reported a second consecutive year with one million new HSAs from sales and 10.6 million HSAs at fiscal year-end.
- **2025-11** — Announced a phased rollout of Parloa-powered agentic AI member support through 2026.
- **2025-11** — Introduced direct HSA enrollment and a health-and-wellness marketplace beginning with GLP-1 telehealth services.
- **2025-09** — Named Mukund Ramachandran chief marketing officer and Garett Kitch chief sales officer.
- **2024-09** — Launched a Health Payment Account collaboration with Paytient.
- **2024-07** — Disclosed that a compromised business-partner account had accessed personal and, in some cases, protected health information; the company said it strengthened controls and found no malicious code on company systems.
- **2024-05** — Completed the $425 million BenefitWallet portfolio transfer, adding more than 616,000 HSA members and about $2.7 billion in assets.

## Links

- Website: https://www.healthequity.com
- LinkedIn: https://www.linkedin.com/company/healthequity
- Twitter/X: https://x.com/HealthEquity
- YouTube: https://www.youtube.com/@gohealthequity
- Instagram: https://www.instagram.com/healthequity/
- Facebook: https://www.facebook.com/HealthEquityPage

---

Profile page: https://yespress.io/healthequity
Published by YesPress — https://yespress.io
Last updated: 2026-08-13