Press Release: HSA Bank Welcomes John Young as Senior Vice President of Strategic Relationship Management
Milwaukee, April 29, 2019 — HSA Bank, a division of Webster Bank, N.A., is proud to welcome John Young as their new senior vice president of strategic relationship management. Young will be responsible for cultivating and strengthening HSA Bank's relationships with key strategic partners by leveraging new account production and driving increased HSA-eligible healthcare participation.
As an industry veteran, Young has inspired millions of account-based healthcare consumers to spend and save optimally for almost 20 years. Young's deep knowledge of consumer-directed healthcare has helped to increase consumer understanding of employee benefits such as Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs).
"HSA Bank empowers consumers to make the most of their healthcare dollars," says Ed Seaver, HSA Bank's senior vice president and director of strategic relationship management. "John's passion and keen understanding of consumerism will grow our partner and prospect relations and motivate consumers to own their health and healthcare decisions."
Most recently, Young ran his own consulting firm, ConsumerDriven LLC, working with private exchanges, employers, and benefit advisors, to help them improve consumerism strategies such as transparency solutions and quality care alternatives.
Prior to this, Young served as senior vice president of consumerism and strategy with Alegeus, where he helped consumers find solutions for their short- and long-term healthcare. He also served as senior vice president of consumerism for Cigna, where he worked as a primary resource for progressing Cigna's consumer-driven health strategy through national and mid-market sales and service regions.
Throughout his career, Young collaborated with various policymakers and trade organizations through his steady involvement with the HSA Council of the American Bankers Association and the former Institute for HealthCare Consumerism. Young holds a bachelor's degree in business and managerial economics from Bethel University.
For more information about HSA Bank, visit www.hsabank.com.
About HSA Bank
At HSA Bank, we’re working toward a world where everyone is empowered to save for a healthy future. By providing the right tools and resources, we make it simple for our 3 million members nationwide to maximize their savings for healthcare and long-term goals. As a leader in health accounts for over two decades, we continue to innovate. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors. As of September 30, 2020, HSA Bank had $9.4 billion in total footings comprising $7.0 billion in deposit balances and $2.4 billion in assets under administration through linked investment accounts.