HealthEquity


HealthEquity, Inc. (NASDAQ: HQY) is designated as a non-bank health savings trustee by the IRS.[1] This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with. It is located in Draper, Utah.

History

HealthEquity was incorporated in January 2002, in Tucson, Arizona,[2] by Stephen D. Neeleman MD and David Hall to re-introduce consumerism into health care (known as consumer-driven health care [CDH]). It moved its incorporation to Utah in February 2004.

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