UMB Healthcare Services Offers Analysis of Health Savings Account Accountholders

UMB Healthcare Services Offers Analysis of Health Savings Account Accountholders

UMB Healthcare Services is offering segmentation data and account behavior analysis on its more than 1 million active health
savings account (HSA) accountholders. HSAs continue to grow in popularity nationwide, according to the 2017 Midyear Devenir Report, and there are more than 21 million accounts nationwide with approximately $42.7
billion in assets. According to the Devenir Report, UMB Healthcare Services ranks fifth in total accounts and seventh in total
assets among all HSA providers.

UMB’s HSA Data Analytics Tools, HSAWorks®, EngageCore™ and EngageAdvanced™, examine trends in account balances, individual and
employer contributions, distributions, invested assets and account-owner demographics. This information can help unlock
accountholder behavior and allow users to provide strategic wellness strategies to increase employee financial wellness. UMB can
provide specific partner and employer data similar to what you see in this infographic.

“We continue to see a growing market for HSAs, and with that growth the importance for education around accountholder behavior
is increasing,” said Begonya Klumb, CEO of UMB Healthcare Services. “Employers can use segmentation data to better understand how
to create engaging benefit strategies that will influence positive employee health decisions, engagement and ultimately increase
financial wellness.”

Key findings from the 2017 segmentation data include:

  • Savers (UMB accountholders whose HSA balance was greater than the amount spent) represent the largest
    segment for the fifth consecutive year.
  • On average, UMB HSA accountholders have had their accounts open for a little more than two years,
    funded accounts have an average account balance of $1,792 and have received a $438 annual employer contribution.
  • Mean average household income of a UMB HSA accountholder is $57,108.
  • Top three occupations: Administration management, professional technical, tradesperson.

Education on how HSAs can be used as a long-term investment strategy is also important in increasing financial wellness among
accountholders. In the segmentation data, UMB found that accountholders who invest in their HSAs have a larger balance overall in
their deposit account.

UMB Healthcare Services also offers an HSA investment tool, UMB HSA Saver®1 that provides accountholders with a
simplified approach to managing their HSA investment choices. The tool helps accountholders make informed investment decisions with
their hard-earned savings dollars.

“UMB HSA Saver is a tool to help simplify the way HSA investments are used by accountholders,” Klumb said. “In addition, UMB
investment management takes the guesswork out of mutual fund selection by vetting mutual funds and only selecting the highest
quality investments.”

Investments in securities through UMB HSA Saver are:

Not FDIC-Insured · May Lose Value · No Bank Guarantee.

1UMB Investment Management selects mutual funds in various asset classes for inclusion in the UMB HSA Saver
Investment Program. UMB Investment Management is a department of UMB Bank, n.a. UMB Bank, n.a. is a wholly owned subsidiary of UMB
Financial Corporation. UMB

UMB Custody Services provides safekeeping and settlement of the mutual fund investments in the UMB HSA Saver® investment
program. UMB Custody Services is a division of UMB Bank, n.a.

About UMB :

UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering
complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates
banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as
well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to
mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies
to institutions and individual investors. For more information, visit,, or follow us on Twitter at @UMBBank, Facebook at and LinkedIn at

UMB Financial Corporation

Nikki Pursley, 816.423.6902

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