Is HSA Bank Owned by Cigna?

Health Savings Accounts (HSAs) are financial tools that allow individuals to save for medical expenses tax-free. They are popular options for those looking to manage their healthcare costs efficiently. One common query that arises is whether HSA Bank is owned by Cigna. Let's dive into this topic to provide clarity.

Ownership of HSA Bank by Cigna

HSA Bank is not owned by Cigna. HSA Bank is a division of Webster Bank, N.A., and it offers HSA solutions to individuals, families, and businesses. Cigna, on the other hand, is a global health services company that provides various healthcare products and services, but it does not own HSA Bank.

Understanding HSA Bank and Cigna

Here are some key points to differentiate between HSA Bank and Cigna:

• HSA Bank:
• Division of Webster Bank, N.A.
• Specializes in HSA solutions
• Provides tools for saving for medical expenses
• Cigna:
• Global health services company
• Offers healthcare products and services
• Does not own HSA Bank

It's important to choose the right HSA provider based on your needs and preferences. While HSA Bank and Cigna are separate entities, individuals can choose to use HSA Bank's services in conjunction with healthcare plans offered by companies like Cigna.




Health Savings Accounts (HSAs) are ingenious financial tools designed to help individuals save for medical expenses while enjoying tax-free benefits. A common inquiry that frequently arises is whether HSA Bank is owned by Cigna, which we will clarify in this article.

HSA Bank's Ownership Structure

It’s essential to know that HSA Bank is a division of Webster Bank, N.A. This financial institution specializes in offering Health Savings Account solutions tailored for individuals, families, and corporate clients. Contrarily, Cigna stands as a formidable global health services provider that offers a broad spectrum of healthcare products, yet does not have ownership of HSA Bank.

Differentiating Between HSA Bank and Cigna

To sum it up, here are key distinctions between HSA Bank and Cigna:

• HSA Bank:
• Part of Webster Bank, N.A.
• Focuses on HSA-related services
• Facilitates tax-free savings for healthcare costs
• Cigna:
• Renowned global health services company
• Delivers various healthcare solutions and insurance products
• No ownership stake in HSA Bank

When choosing your HSA provider, consider your specific healthcare needs. While HSA Bank and Cigna are distinct entities, you can certainly leverage HSA Bank's services alongside healthcare plans from Cigna for a comprehensive approach to managing healthcare expenses.