HealthEquity, Inc..
HQY.US | Other financial service activities, except insurance and pension funding activities, n.e.c.
HealthEquity, Inc. provides technology-enabled services and solutions for managing health savings accounts (HSAs), other consumer-directed benefits, and related services in the United States. It operates a platform that integrates benefits, payments, and wellness programs. The company primarily serv...Show More
Better Health for All
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The company's core business, Health Savings Accounts (HSAs), is described as improving access to affordable healthcare for millions of Americans by allowing tax-free savings for medical expenses and offering lower premiums than traditional plans.
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The company's stated focus is on simplifying healthcare finances and improving health outcomes, indicating its entire business is devoted to health improvement. There is no evidence of the company's products having negative health outcomes. While HSAs can benefit marginalized populations, including Veterans, Native Americans, and those on Medicare, the articles do not provide quantitative data on the percentage of vulnerable populations reached by the company's services.
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The HealthEquity Community Foundation awarded $35,000 in grants to 14 non-profit organizations in May 2025, focusing on areas including health, financial education, mental health, and basic human needs.
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This grant amount is not provided as a percentage of the company's revenue, making it impossible to score against the rubric's quantitative thresholds for health equity programs.
Fair Money & Economic Opportunity
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Insufficient evidence to determine a value score for HealthEquity, Inc. regarding Fair Money & Economic Opportunity. No articles or relevant information found. A neutral score of 0 is assigned.
Materiality Analysis: Company Summary (75-100 words): HealthEquity, Inc. operates technology-enabled service platforms in the US, primarily focusing on health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). They also offer investment platforms and automated investment advisory services related to HSAs. Their revenue is derived from account management fees, interchange revenue, and custodial revenue. The company serves individuals and employers through direct sales and partnerships with health plans, benefit administrators, and brokers. Recent strategic changes have focused on expanding their service offerings and partnerships within the healthcare benefits space.
Peer Comparison (50-75 words): Compared to peers in the financial wellness and benefits administration space, HealthEquity's direct impact on "Fair Money & Economic Opportunity" is less pronounced than traditional lenders or insurers. While HSAs can contribute to financial security, their primary focus is healthcare savings rather than broader wealth building or financial inclusion initiatives. Benchmarking against peers requires considering the specific financial inclusion aspects of their HSA and FSA offerings.
Materiality Assessment (1-2 clear sentences): HealthEquity's business model has a neutral relationship with the "Fair Money & Economic Opportunity" value, with a low level of materiality, as its core services are primarily focused on healthcare savings and spending rather than direct financial inclusion or wealth building for underserved populations.
Detailed Rationale (150-200 words): HealthEquity's primary offering, HSAs, allows individuals to save for healthcare expenses on a tax-advantaged basis. While this can contribute to financial security, it doesn't directly address issues of fair lending, affordable pricing for financial services, or wealth uplift for underserved communities. The company's services are generally available to individuals with employer-sponsored health plans, which may limit access for low-income or marginalized populations. While HSAs can help individuals manage healthcare costs, which disproportionately affect lower-income groups, the company's business model doesn't inherently focus on financial inclusion or economic opportunity in the same way as microfinance institutions or community development banks. The investment platform offered through Advisor could potentially contribute to wealth building, but its impact is limited by the scope of HSA investments and the target customer base.
Value Interaction Notes (if applicable, 25-50 words): HealthEquity's focus on healthcare affordability could indirectly support "Fair Money & Economic Opportunity" by reducing financial strain related to medical expenses, but this is a secondary effect rather than a direct alignment.
Scoring Boundary Flags (if applicable, 25-50 words): Scores above 4 would be illogical, as the company's core business model is not directly aligned with the value's focus on financial inclusion and wealth building for underserved populations.
Fair Pay & Worker Respect
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The provided articles do not contain any specific, concrete data points for HealthEquity, Inc. (HQY.US) regarding fair pay and worker respect. While some articles discuss general principles of pay equity audits, legal frameworks, and provide examples or benchmarks for other companies (e.g., Salesforce, Starbucks, Hologic),
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no quantitative metrics such as living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rates, pay equity ratios, worker engagement scores, turnover rates, labor violation incidents, insecure contract share, or health insurance coverage are provided for HQY.US.
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Fair Trade & Ethical Sourcing
-10
HealthEquity, Inc. is a technology-enabled services provider, and as such, many KPIs related to physical commodity sourcing and manufacturing supply chains are not applicable. The company does not procure or trade physical commodities, nor does it have a supplier base requiring welfare or sourcing audits, exposure to upstream labor practices, or material sourcing of at-risk inputs. Therefore, KPIs such as fair-trade certification share, supplier audit frequency, forced/child labor incidents, supply chain traceability, remediation speed for supplier violations, and materials risk index are scored as N/A.
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Regarding supplier diversity, HealthEquity partners with 273 diverse companies, defined as enterprises with 51% or more ownership by a designated diverse background, and requires third-party certification.
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However, the company does not disclose the percentage of its procurement budget directed to these diverse suppliers, only the number of partners.
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Without a percentage of spend, it is not possible to assign a positive tier. The absence of this specific quantitative data means it falls into a lower tier based on the lack of disclosed strategic targets or spend percentage.
Honest & Fair Business
-20
HealthEquity has a formal whistleblower policy, effective July 14, 2014, and last approved on September 23, 2020.
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This policy includes a hotline and online submission for complaints, prohibits retaliation against whistleblowers, and outlines investigation procedures, including reporting to the Audit and Risk Committee and recusal of the General Counsel if implicated.
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The policy covers accounting, internal controls, auditing, legal violations, code of conduct violations, and threats to public interest.
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The company also has an anti-corruption policy that addresses violations of law, including corruption, and includes procedures for handling related complaints.
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However, there is no information on the frequency or effectiveness of training for this anti-corruption policy.
Kind to Animals
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HealthEquity, Inc. is a service-oriented company providing technology-enabled services for managing health savings accounts.
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The company's business model does not involve animal exploitation, animal-derived products, animal testing, animal agriculture, or operations that directly impact wildlife habitats.
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Therefore, all KPIs related to animal welfare, testing, sourcing, and conservation are not applicable to its operations.
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No War, No Weapons
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No evidence available to assess HealthEquity, Inc. on No War, No Weapons.
Planet-Friendly Business
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No evidence available to assess HealthEquity, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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The provided article describes the HealthEquity Community Foundation and its mission to support 501(c)(3) organizations.
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However, it explicitly states that it does not contain data relevant to the requested metrics for respect for cultures and communities, nor does it provide quantitative data on cultural sensitivity, community engagement, or corporate social responsibility.
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Therefore, no specific metrics can be extracted or scored based on the provided evidence.
Safe & Smart Tech
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No evidence available to assess HealthEquity, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
-30
HealthEquity's 2024 Corporate Social Responsibility Report states that no waste disposal violations or citations are mentioned.
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No other specific data related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education is provided across the available articles.
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