In Brief: Principal to Offer HSAs to Third Parties

Principal Financial Group of Des Moines said it will begin selling its health savings accounts to other companies, including insurers, third party administrators and investment firms, this summer.

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The health savings account platform will give companies access to online enrollment and education tools, such as a health savings account calculator that shows participants how to use their HSA.

Principal, which announced its plan Tuesday, had $205.3 billion in assets under management on March 31.


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