Bankers Form HSA Council

WASHINGTON – Bankers are serious about being major players in the health savings accounts (HSAs) game. To push the distribution of HSAs through banks, the American Bankers Association and American Bankers Insurance Association have formed The HSA Council. The HSA Council plans to target decision-makers in Congress and the administration in hopes of promoting HSA adoption. “We have identified some technological and regulatory hurdles for banks entering the HSA market,” said ABIA Associate Director/ The HSA Council Staff Director Kevin McKechnie. “The HSA Council has brought them to the attention of the administration and we are very pleased that the administration is open to addressing our concerns.” According to First Horizon Msaver President/The HSA Council Chairman Craig Keohan, “banks are in a unique position to help consumers in their efforts to save for their future medical needs now and through retirement.” The HSA Council members are as follows: Craig Combs, senior vice president, Amisys Synertech, Inc.; Peter Bacon, vice president, Assurant Health; Justin Raniszeski, senior vice president, Bank of America; James Dodd, senior vice president, Firth Third Bank; Nathaniel Brinn, CEO, HSA Bank; David Josephs, vice president, JPMorgan Chase; Nav Ranajee, vice president, LaSalle Bank; Beth Griffin, vice president, Metavante; Dennis Triplett, president of healthcare services, UMB; John Watkins, vice president, US Bank; and John Reynolds, senior vice president, Wells Fargo.