HSA Bank, a division of Webster Bank, N.A. vs Forma

Compare and evaluate HSA Bank, a division of Webster Bank, N.A. vs Forma based on data from reviews, publicly available sources, and thousands of searches run on Shortlister’s app sign up for a free account.

HSA Bank, a division of Webster Bank, N.A. offers Health Savings Account (HSA), Health Care Flexible Spending Account (FSA) to companies with 3,000,000 employees. Forma offers Lifestyle Spending Account, Health Savings Account (HSA), Health Care Flexible Spending Account (FSA) to companies with 1,000,000 employees.

The information in these side-by-side comparisons can be used to help your company make the best choice for its employees.

Product Description

HSA Bank, a division of Webster Bank, N.A.

• Our powerful HSA is designed to help employees pay for qualified medical expenses now and in the future. Show More

Forma

A new standard for HSAs
HSAs provide employees with multiple tax advantages and the ability to grow their money... Show More

Min. Group Size

HSA Bank, a division of Webster Bank, N.A.

1 eligible

Forma

250 eligible

Lives Serviced

HSA Bank, a division of Webster Bank, N.A.

3,278,130

Forma

-

Product Specific Features

HSA Bank, a division of Webster Bank, N.A.

✓

HSA Platform 

✓

Data document management

✓

Billing services

✓

HSA file transfers

✓

401K and HSA plan consolidation

✓

HSA Plan customization

✓

HSA Online administration process 

✓

HSA-Compatible FSA

✓

HSA carryover plan

✓

Insurance eligibility verification

Forma

Not offered

HSA Platform 

✓

Data document management

✓

Billing services

✓

HSA file transfers

Not offered

401K and HSA plan consolidation

✓

HSA Plan customization

Not offered

HSA Online administration process 

✓

HSA-Compatible FSA

✓

HSA carryover plan

✓

Insurance eligibility verification

Features

HSA Bank, a division of Webster Bank, N.A.

✓

iOS Native Application

✓

Android Native Application

✓

Responsive Design

✓

SSAE 18 / SOC Audit(s) Performed

✓

3rd Party Integrations

Forma

✓

Global Capabilities

✓

iOS Native Application

✓

Android Native Application

✓

Responsive Design

✓

GDPR Compliant

✓

SSAE 18 / SOC Audit(s) Performed

✓

3rd Party Integrations

Official Resources

HSA Bank, a division of Webster Bank, N.A.

Forma

Media

HSA Bank, a division of Webster Bank, N.A.

Forma

About

HSA Bank, a division of Webster Bank, N.A.

HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades... Show More

Forma

Forma is the leading platform for LSAs and flexible benefits, enabling employers to deliver personalized benefits for employees, increase administrative... Show More

Founded

HSA Bank, a division of Webster Bank, N.A.

1997

Forma

2016

Location

HSA Bank, a division of Webster Bank, N.A.

1515 N. River Center Drive, Suite 235, Milwaukee WI, 53212

Forma

Fremont, CA

Employees

HSA Bank, a division of Webster Bank, N.A.

625

Forma

180

Funding Summary

HSA Bank, a division of Webster Bank, N.A.

Not Provided

Forma

40M Series B

Website

Reviews

HSA Bank, a division of Webster Bank, N.A.

3.3 (3)

Forma

5.0 (3)

Star Featured Review

Whitney Ayers

August 12, 2025
When Garver launched its Lifestyle Spending Account (LSA), we knew we wanted a partner who believed in our goals and... More
Star Featured Review

Eric Coutryer II

May 1, 2025
Forma has been awesome! It’s been an amazing experience to provide wellness purchasing power to our employees

×
?

Need Help Choosing?

Our specialists can help prioritize the criteria that matters most and narrow the field.
Setup a Free Consult

×