HSA Bank Expands Offerings to Support Employers in Providing Adoption Assistance

MILWAUKEE--(BUSINESS WIRE)--HSA Bank, a division of Webster Bank, N.A., today announced it is now offering Adoption Assistance, employer-sponsored plans to help employees save on expenses related to the legal adoption of a child.

As employers seek to diversify their benefits offerings to recruit and retain employees, Adoption Assistance offers the opportunity for employers to support their employees during an important and exciting life transition. Employees seeking to expand their family through adoption can set aside pre-tax money under a cafeteria plan and be reimbursed for qualified expenses such as adoption fees, court costs, attorney fees and travel expenses.

“While the process of expanding a family through adoption is an exciting time, the process can be costly,” said Chad Wilkins, President of HSA Bank. “Our new Adoption Assistance plans allow employers to ease some stress related to the adoption process by providing financial support for this major life moment. This new offering is a further evolution of HSA Bank’s mission to drive value and provide tangible outcomes for customers.”

More information on Adoption Assistance is available on HSA Bank’s website.

About HSA Bank:

At HSA Bank, we’re working toward a world where everyone is confidently engaged with their health and wealth. By delivering personalized insights, experiences and solutions, we make it simple for our over 3 million members nationwide to drive value and tangible outcomes. As a leader in health accounts for over two decades, we have the depth and breadth of expertise that matters most. We are

devoted to delivering an outstanding user experience and our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for individuals, employers and partners. As of March 31, 2024, HSA Bank had $13.8 billion in total footings comprising $8.6 billion in deposit balances and $5.2 billion in assets under administration through linked investment accounts and is a division of Webster Bank, N.A., Member FDIC Plan Administrative Services and Benefit Services are administered by Webster Servicing LLC. To learn more, visit hsabank.com.