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HSA Bank: HSA Balances Grow Despite Uncertain 2009

Tuesday, February 23, 2010 General News
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WATERBURY, Conn., Feb. 22 HSA Bank reported today that the average Health Savings Account (HSA) balance carried into 2010 grew by 7.6 percent over the balance carried into 2009. The average balance of these accounts grew even though the nation faced the uncertainty of a recovering global economy, ailing retirement accounts, unemployment and healthcare reform.
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"The percentage growth of accountholder balances was lower than we have seen in recent years," said Kirk Hoewisch, president of HSA Bank. "However, the fact remains that balances grew despite all the uncertainty we faced as a country in 2009, especially in the economy and the healthcare industry."
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The average balance for an HSA Bank accountholder climbed to nearly $2,600. The funds that are rolled over can be used to pay for medical expenses incurred in 2010, or the accountholder can continue to roll the funds over to use for future medical expenses or a supplemental retirement savings.

For more information about HSA Bank, visit www.hsabank.com.

HSA Bank® is a division of Webster Bank, N.A., member FDIC, the wholly-owned subsidiary of Webster Financial Corporation (NYSE: WBS).

HSA Bank serves customers in every state in the nation and has more than 12 years of experience with health care savings accounts. HSA Bank continuously strives to offer the best HSA product in the industry. HSA Bank combines convenience, service and savings with low account maintenance fees, competitive interest rates, several investment options, 24-hour account access online or through its automated telephone system, and outstanding personal service.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.7 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 501 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Center Capital Corporation, an equipment finance company headquartered in Farmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

Media Contact: HSA Bank: Patrick Rose 920-400-0398 [email protected] Webster: Ed Steadham 203-578-2287 [email protected]

SOURCE Webster Financial Corporation
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