First Dollar, a provider of healthcare benefits infrastructure, is working with DriveWealth, a leading provider of fractional investing and global FinTech, to offer a Health Savings Account (HSA) investing experience inside of their API-driven Health Wallet Platform.
In order to integrate white-labeled benefits into their current card and member site, health plans, financial institutions, and third-party administrators (TPAs) can collaborate with First Dollar, according to a press release issued on Tuesday, September 13.
Customers who have HSAs will be able to access a variety of stocks and ETFs via their personal health wallet dashboards, as well as invest in fractional shares.
According to the release, consumers are increasingly investing some of their HSA savings. Through their partnership with DriveWealth, First Dollar aims to make investing simple. Customers may access the HSA investment experience in several languages, similar to the First Dollar Health Wallet platform.
According to First Dollar Senior Product Manager Izamar Loredo, “Partnering with DriveWealth was a no-brainer.” Their APIs allow us the freedom to apply the clear and straightforward user experience that First Dollar’s embeddable benefits platform is known for to the traditionally complicated realm of investing.
Stan Smith, managing director of DriveHSA, powered by DriveWealth, declared that the company was “excited to join with the First Dollar team, whose customer-first ideals fit with our ones at DriveWealth.”
“First Dollar’s distinctive solutions have given clients access to the finest health plan for their requirements. We’re thrilled to provide First Dollar consumers with seamless HSA investment options through this agreement so they may better manage their financial futures, added Smith.
