JPMorgan Chase launches HSA broker program
J.P. Morgan Treasury Services, a division of JPMorgan Chase & Co., announced it will try to expand its nationwide sales of health savings accounts (HSA) by launching an HSA broker program. In response to market demand, J.P. Morgan will provide brokers and third-party administrators with a dedicated service and support unit. J.P. Morgan serves more than 550,000 HSA account holders, supports more than 10,000 employers and manages deposits approaching $1 billion. As part of its new program, J.P. Morgan will provide access to administrative, marketing, education and sales tools to facilitate brokers in their dialogue with clients.