5, 2021, 01:26 PM. The latest deal is expected to help WEX strengthen its Health and Employee Benefit Solutions segment. 2021 could be a big year for high-deductible health plan (HDHP) and health savings account (HSA) enrollment. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Your 2021 FSA election will be managed by Discovery Benefits/WEX. Zacks . Get answers to a few retirement-related HSA questions and download your free white paper to learn what might be missing from your employees' retirement strategy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The money is tax free both when you put it in and when you take it out to cover qualified medical expenses. PORTLAND, Maine-- (BUSINESS WIRE)-- WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced the signing of an agreement … Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Low investment threshold so your employees can start investing early. Your session has been timed out due to inactivity. The acquisition is expected to boost the company’s adjusted net income in 2021. Type a symbol or company name. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.See 3 crypto-related stocks now >>, Charles River Associates (CRAI) - free report >>, Omnicom Group Inc. (OMC) - free report >>. WEX, Inc. WEX recently announced that it has completed the acquisition of certain health savings account ("HSA") assets from HealthcareBank. This helps the company expand its product and service offerings, boost revenue growth and enhance scalability. HealthcareBank is the custodian bank for customers of WEX’s Health division. A wealth of resources for individual investors is available at www.zacks.com. Brand and market your own CDH (consumer-driven healthcare) product to offer: • HSAs (health savings accounts) • FSAs (limited and traditional flexible spending accounts) The HSA is a triple tax-advantaged account to help fund your out-of-pocket health care costs. The HSA’s unique triple-tax savings makes it a powerful savings and retirement tool. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Apr. Zacks 4d: Wex (WEX… 4 To Watch Right Now, Charles River Associates (CRAI): Free Stock Analysis Report, Omnicom Group Inc. (OMC): Free Stock Analysis Report, Gartner, Inc. (IT): Free Stock Analysis Report, WEX Inc. (WEX): Free Stock Analysis Report. Delayed quotes by Sungard. We use cookies to understand how you use our site and to improve your experience. Real time prices by BATS. Click to get this free report Charles River Associates (CRAI): Free Stock Analysis Report Omnicom Group Inc. (OMC): Free Stock Analysis Report Gartner, Inc. (IT): Free Stock Analysis Report WEX Inc. (WEX): Free Stock Analysis Report To read this article on Zacks.com click here. PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE:WEX), a leading financial technology service provider, announced today that it has completed the previously announced acquisition of certain health savings account (“HSA”) assets of HealthcareBank, the custodian bank for customers of WEX’s Health division. Pay for Healthcare Expenses With WEX, participants can easily spend their HSA funds on medical expenses, track costs, and manage reimbursements in one platform, using one mobile app, with ONE debit card for all of their health, wellness, and commuter benefits. WEX currently carries a Zacks Rank #3 (Hold). Powered by WEX Health. © 2021, Nasdaq, Inc. All Rights Reserved. Login. Privacy Policy | No cost, no obligation to buy anything ever. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The deal was previously announced on Feb 11, 2021. Email Address: User Name is required to login! A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Robert Deshaies, president of WEX’s Health division, stated, “This asset purchase expands WEX’s role in the attractive consumer-directed healthcare ecosystem and aligns with our growth strategy.” He further added, “We are excited to provide a more streamlined relationship experience, one that positions us to better leverage our investments to provide market-leading HSA solutions.”. WEX Declines 4% Despite Beating on Q1 Earnings and Revenues. Username Forgot Username? Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. An HSA reduces your taxable income. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. New User. 8 Questions on Employee Retirement With an HSA | WEX Inc. An HSA has perks as a retirement-planning tool that even a 401(k) or IRA don't have. Today, you can download 7 Best Stocks for the Next 30 Days. In 2020, the company completed the acquisitons of eNett, a provider of business-to-business (B2B) payments solutions to the travel industry, and Optal, a company which specializes in optimizing B2B transactions. ... WEX NewsMORE. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. In 2020, the company completed the acquisitons of eNett, a provider of business-to-business (B2B) payments solutions to the travel industry, and Optal, a company which specializes in optimizing B2B transactions. 5 by Vivian Felllman on June 28th 2019 "FSA/HSA and so much more with unsurpassed customer service." TPA, Health Plans, Financial Institutions, Exchange Solution Providers, PEOs, and Payroll Companies The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Adobe® Acrobat® Reader® is required to view or print forms that are available as .pdf files. Dedicated investments into WEX solutions, including new features, like an AI chat bot, and services relevant to your market. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. These symbols will be available throughout the site during your session. BitTorrent Has the Potential to Explode in 2021, Top Cryptocurrencies To Buy In 2021? HealthcareBank empowers you to provide your own branded HSA solution, using the fully integrated Wex … Advantages of leveraging certain benefits, such as health savings accounts (HSAs), to enhance employee engagement and education. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Copy and paste multiple symbols separated by spaces. If you do not, click Cancel. Get answers to a few retirement-related HSA questions and download your free white paper to learn what might be missing from your employees' retirement strategy. WEX, Inc. WEX recently announced that it has completed the acquisition of certain health savings account ("HSA") assets from HealthcareBank. If you would like to view other Bank of America accounts you may have, visit www.bankofamerica.com and sign in to Online Banking using the Online ID and Passcode that you have established for Bank of America Online Banking.. No part of this site is intended to provide tax or legal advice. Robert Deshaies, president of WEX’s Health division, stated, “This asset purchase expands WEX’s role in the attractive consumer-directed healthcare ecosystem and aligns with our growth strategy.” He further added, “We are excited to provide a more streamlined relationship experience, one that positions us to better leverage our investments to provide market-leading HSA solutions.”. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.See 3 crypto-related stocks now >>, Want the latest recommendations from Zacks Investment Research? Benefits management platform designed for employers, insurance carriers, and brokers that helps receive payments, catalog benefit products, manage employee database, and more. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Discovery Benefits, a WEX company, is the new administrator for the FSA and COBRA plans, effective Jan. 1, 2021. The acquisition is expected to be accretive to adjusted net income in fiscal year 2021. The … The acquisition is expected to boost the company’s adjusted net income in 2021. WEX to Benefit From HSA Assets' Acquisition: Here's How. WEX, Inc.WEX recently announced that it has completed the acquisition of certain health savings account ("HSA") assets from HealthcareBank. We believe that this move will help WEX strengthen its Health and Employee Benefit Solutions segment which offers healthcare payment products and software-as-a-service (SaaS) consumer-directed platforms for the healthcare market, as well as payroll-related and employee benefits to customers in Brazil. Grow funds tax free. Skip to content. Do Not Sell My Personal Information (CA Residents Only). New User.
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