UMB health-care services, a division of UMB Financial Corp. in Kansas City, Mo., said Tuesday that it had formed a partnership with ConnectYourCare, a consumer-directed health-care company, to offer custodial, investment, and health payment card services for health savings accounts, flexible spending accounts, and health reimbursement arrangements.
The partnership is the first to make available a comprehensive consumer-directed health-care portal and account administration, a multipurse payment card, and banking and investments priced for one simple fee, the banking company said. Its offering is marketed to brokers, insurance carriers, and third-party administrators.
The offering, which was introduced in the first quarter, integrates ConnectYourCare’s platform of consumer health-care account tools with UMB’s financial services. ConnectYourCare is a Baltimore unit of Revolution Health Group.
