Wells Fargo’s HSA program assets grew by 31 percent, reaching more than $809 million by the end of 2012, while accounts grew to a record 365,000 at 2012 year-end, the banking giant said Thursday.
The firm also said American workers saved more than $100 million in taxes in 2012 through their Wells Fargo & Company HSA.
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“Wells Fargo helps business clients meet their objectives by maximizing enrollment in HSA-compatible health plans, which enable them to reduce overall health care expenses,” Elizabeth Ryan, head of Wells Fargo’s Health Benefit Services, said in a statement.
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“Our business clients appreciate the active role we take in educating their employees,” she said. “We’re empowering their employees through two key benefits — tax savings up to $25 or more on each $100 in HSA contributions, and the ability to build a safety net for potential retirement medical expenses.”