#United States #Pleasant Grove #Health Savings Account #Accordia Bank #HSA+

Accordia Bank Launches HSA+

Accordia Bank, based in Pleasant Grove, Utah, has announced the nationwide introduction of Accordia HSA+, a comprehensive consumer-directed healthcare platform that aims to provide a variety of Health Savings Accounts (HSAs) and related benefit accounts to consumers and employers across the United States. This launch aligns perfectly with the recent changes in legislation, particularly the One Big Beautiful Bill Act, which significantly expands the eligibility for HSAs, allowing millions who previously had no access to utilize these beneficial accounts.

Enhancing HSA Accessibility

As of January 1, 2026, health plans labeled as Bronze and Catastrophic will now qualify for HSA compatibility. This marks a monumental shift in the health savings account landscape, with 35% of plans available through HealthCare.gov now being deemed HSA-eligible compared to just 4% last year.

In the words of Matt Field, President of Accordia Bank, “Eligibility just expanded to millions of people who have never had access to a Health Savings Account. We designed Accordia HSA+ to meet this growing demand with truly exceptional products.”

Dedicated Service and Unique Features

Accordia HSA+ distinguishes itself within the industry by offering an extensive suite of consumer-directed benefits: health savings accounts, health FSAs, limited purpose FSAs, dependent care FSAs, Health Reimbursement Arrangements, commuter benefits, lifestyle spending accounts, and COBRA administration. Participants can also benefit from the convenience of a benefits debit card, online account access, and investment opportunities once their account balance reaches the required threshold of $1,000.

One of the most substantial advantages for both consumers and employers is that the Accordia HSA offers no monthly administration fees, simplifying the account management process.

Heidi Maestas, Senior Vice President of Client Experience at Accordia Bank, explains, “An advisor’s reputation is at stake with every vendor they recommend, and poor transitions can damage that,” emphasizing Accordia’s commitment to smooth transitions and high service standards.

A Legacy of Customer-Centric Banking

Accordia Bank has engineered HSA+ to keep the customer at the heart of the process. According to Mike Watson, Chief Executive Officer of Accordia Bank, “We have crafted our product suite by identifying areas where a well-run bank can effectively compete against larger institutions. Health Savings Accounts fit this model as they are fundamentally deposit products, and banking is built on deposits.” With HSA+, client advisors know they can trust Accordia Bank to deliver streamlined, consolidated administration alongside a comprehensive suite of consumer-directed benefits that are essential for both brokers and employers.

Availability and Contact Information

Accordia HSA+ is ready for employers nationwide, effective from January 1, 2027. Benefits brokers and consultants interested in learning more about the Accordia HSA+ advisor program can reach out to Wendy Dampier or Reggie Harwell via the provided email addresses for detailed information.

To learn more about Accordia Bank and its new HSA+ offering, visit Accordia Bank Website or contact Lee Lamb, SVP Marketing & Brand, for media inquiries.

Founded in 1993, Accordia Bank has a solid reputation amidst the financial institutions, with $1.6 billion in assets and a commitment to serve consumers, employers, and benefits advisors nationwide as an HSA custodian and administrator. The bank also provides various lending options, including commercial, agricultural, small business, and construction loans.

Accordia Bank is a member of the FDIC and an Equal Housing Lender.