HSA Bank Announces Major Product Suite Expansion

               HSA Bank Announces Major Product Suite Expansion

Partners with Evolution1 to Offer Account-based Benefit Solutions

PR Newswire

SHEBOYGAN, Wis., April 22, 2014

SHEBOYGAN, Wis., April 22, 2014 /PRNewswire/ -- HSA Bank, a division of
Webster Bank, N.A. and national leader in Health Savings Account (HSA)
administration, today announced a sweeping expansion of its product suite.
Beginning May 1, 2014, HSA Bank will offer more choices for consumers to save
and pay for healthcare, dependent care, and commuter expenses on a pre-tax
basis.

Working with benefit technology partner Evolution1 -- the nation's largest
electronic payment, on-premise, and cloud computing healthcare solution -- HSA
Bank is pleased to offer Health Reimbursement Arrangements (HRAs), Flexible
Spending Accounts (FSAs) including Health & Dependent Care FSAs, and Commuter
Benefits plans (transit and parking accounts) in addition to its
industry-leading HSA.

HSAs are created at financial institutions, in the individuals' names,
allowing them to pay for IRS-qualified medical expenses tax-free. HRAs are
employer-owned and funded tax-advantaged accounts which reimburse employees
for out-of-pocket medical expenses as defined by the employer. FSAs are
tax-advantaged accounts established through an employer to pay for various
healthcare and dependent care, not covered for by another plan. Commuter
Benefits plans enable employees to set aside money tax free to pay for
eligible workplace parking and mass transit expenses.

HSA Bank also brings a Defined Contribution offering to the marketplace that
is seamlessly connected to its account-based benefits with a highly-flexible
integration to private exchanges. With a Defined Contribution model, employers
provide employees with a fixed amount of money with which to purchase
insurance.

"This is the most exciting product advancement HSA Bank has made in our 17
years of focusing on consumer-driven health benefits," said Chad Wilkins,
executive vice president of Webster Bank and head of HSA Bank. "With a record
50% increase in new accounts in the first quarter over last year, we are
excited to offer our 700,000+ HSA accountholders an enhanced user experience
with capabilities such as online bill pay, expense tracking, and an
award-winning mobile application."

"HSA Bank has built a powerful reputation in the industry with its
best-in-class products and customer service," said Jeff Young, chairman and
chief executive officer at Evolution1. "We are honored to be a preferred
partner and to help HSA Bank support the growing needs of their customers."

About HSA Bank:

HSA Bank is a trusted leader in consumer-driven healthcare focusing on Health
Savings Accounts (HSAs) since the beginning, serving as both the bank and
administrator. Discover how we can support your benefits strategy with our
comprehensive account-based health benefit solutions such as HSAs, Health
Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and
Commuter Benefits (mass transit and/or parking accounts). We offer one
platform and one portal for all consumer-driven accounts with a reputation for
outstanding service. With more than $2 billion in assets, HSA Bank is a
division of Webster Bank, N.A., a subsidiary of Webster Financial Corporation
(NYSE: WBS), Member FDIC. For more information, visit www.hsabank.com

About Evolution1:
Evolution1 and its Partners serve large health plans, banks, payroll
providers, private exchanges, and leading third-party administrators across
the country, providing healthcare and other reimbursement account services--
including Defined Contribution, HSAs, HRAs, FSAs, Wellness, and Transit
Plans-- to more than 90,000 employers and more than 10,000,000 consumers.



Media Contact: Brenda Greene, (401) 228-2083
bgreene@websterbank.com

Investor Contact: Terry Mangan, (203) 578-2318
tmangan@websterbank.com





SOURCE HSA Bank

Website: http://www.hsabank.com
 
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