MissionSquare enhances Retirement Health Savings with new debit card feature, offering more convenient access to healthcare funds

Expansion builds on continued innovation across the firm’s RHS offerings

WASHINGTON--(BUSINESS WIRE)--MissionSquare announced today upcoming enhancements to its Retirement Health Savings (RHS) solutions with the launch of a new debit card feature. The addition builds on the firm’s recent RHS expansion and will soon provide participants with a more convenient way to pay for prescription and eligible over-the-counter expenses, allowing them to access and use funds immediately.

“The addition of the debit card feature represents the next step in the evolution of our Retirement Health Savings offering,” said Jeff Gibson, chief product strategy officer at MissionSquare. “By meeting individuals where they are and prioritizing simplicity and convenience, we are making it easier for them to access healthcare savings in the moment — helping our participants manage today’s expenses while staying focused on their long-term financial health and security.”

The RHS debit card will provide several benefits for participants, including:

• More convenient access to healthcare funds — Eliminates the need to pay out of pocket or wait for reimbursement, enabling participants to pay for prescription and eligible over-the-counter expenses directly.
• Simplified claims process — Reduces or eliminates the need for claims forms, receipts, or reimbursement processing in most cases, streamlining what has traditionally been a manual process.
• Consistency in underlying plan benefits — Allows participants to have an enhanced experience without affecting account balances, investments, or plan provisions.

The debit card enhancement builds on MissionSquare’s recent expansion of RHS investment capabilities, including the introduction of a self-directed brokerage account option earlier this year. Together, these enhancements reflect MissionSquare’s broader strategy to deliver more personalized, flexible, and technology-enabled solutions designed to help individuals better prepare for rising healthcare costs and long-term financial security.

As a company rooted in service, investments, and technology, MissionSquare will continue introducing new solutions throughout the remainder of 2026 and beyond to help improve financial outcomes for the customers it serves.

About MissionSquare

Since its founding in 1972, MissionSquare has remained committed to delivering on its mission to help all individuals and their families build financial security. As a mission-based financial services company, we manage and administer over $71.4 billion in assets.* Our commitment to delivering outstanding service, effortless technology, and quality investments sets us apart. For more information, visit www.missionsq.org.

*As of March 31, 2026. Includes 457(b) plans, 401(a) plans, 403(b) plans, Retirement Health Savings plans, Employer Investment Program plans, affiliated IRAs, and investment-only assets.