HealthEquity is a American company based in Draper, Utah. It was founded in 2002 by Stephen Neeleman with the aim of revolutionizing how people pay for healthcare. The company's headquarters is in Draper, Utah, where it operates out of a modern and state-of-the-art facility.

HealthEquity's main product is its Health Savings Account (HSA), which allows individuals to save and invest money specifically for healthcare expenses. The HSA functions as a tax-advantaged savings account, with contributions being tax-deductible and withdrawals for healthcare costs being tax-free. In addition to the HSA, HealthEquity offers various other products and services to help individuals manage their healthcare finances, including Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefit Accounts.

On a global scale, HealthEquity primarily operates within the United States. However, the company does have partnerships with several internationally-focused healthcare and financial institutions. Additionally, HealthEquity acquired WageWorks, a leading provider of consumer-directed benefits, in 2019.

This acquisition expanded HealthEquity's offerings and market reach. In terms of market position, HealthEquity is one of the largest HSA providers in the United States. The company has a significant market share and has established a strong reputation for its innovative healthcare financial solutions.

HealthEquity faces competition from other companies in the healthcare financing industry, such as Fidelity, Optum Bank, and Further. In recent years, HealthEquity has experienced significant growth and has made several notable achievements. The acquisition of WageWorks in 2019 further solidified the company's position in the industry.

Additionally, HealthEquity has focused on expanding its product offerings and improving its technology platforms to enhance the overall user experience for its customers. As of the latest available information, HealthEquity continues to thrive and evolve in the healthcare financial services industry. The company remains committed to providing innovative solutions for individuals to better manage their healthcare finances and achieve better health outcomes