HealthEquity Inc. reviews

3.2

53% would recommend to a friend

(948 total reviews)
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Scott Cutler

33% approve of CEO

53% positive business outlook

HealthEquity Inc. has an employee rating of 3.2 out of 5 stars, based on 948 company reviews on Glassdoor which indicates that most employees have a good working experience there. The HealthEquity Inc. employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

948 reviews
1.0
Dec 15, 2025
Recommend
CEO approval
Business Outlook

Pros

This company used to be an incredible place to work. The culture was genuinely special: teammates truly cared about one another, leaders knew their people as humans, and “purple service” wasn’t just a slogan, it was how we operated every day. People were proud to work here. Many of us stayed for years, even while knowing we were underpaid, because the environment, flexibility, and relationships made it worth it. Remote-first work was also a major benefit and a key reason many talented people stayed. At its best, this was a place people hoped to “get into,” and once you were in, you felt lucky. I will always be grateful for what this company was and for the colleagues who made it feel like home.

Cons

The culture has deteriorated rapidly. Long-tenured, high-performing employees have been laid off with little warning or compassion, across multiple departments. As a result, the remaining workforce operates in a constant state of stress and fear, knowing any day could bring a sudden call ending your employment, regardless of performance. Leadership no longer feels connected to or invested in employees, and that disconnect appears to exist at every level. We’re repeatedly told to make ourselves “marketable,” which only reinforces the sense that loyalty and dedication are no longer valued. Compensation has always been below market, but when the culture disappeared, the pay gap became impossible to ignore. On top of that, the previously celebrated remote-first environment now feels increasingly threatened, with newer executives pushing for visibility and presence rather than results. Operationally, teams are stretched thin as top performers leave in droves. Clients are already feeling the impact through reduced service levels, and our technology remains outdated and unstable. The ongoing reliance on legacy systems and fragmented platforms continues to slow work and create unnecessary issues. Despite positive financial reports, the reality inside the company tells a different story: current success is being carried by the remaining employees who are overworked, burned out, and actively planning their exits.

3.0
May 12, 2025
Recommend
CEO approval
Business Outlook

Pros

100% Fully Remote Culture Wonderful HSA Contributions to Team Members Culture is generally pretty good

Cons

Expensive Benefits Compensation not fully competitive (Except at VP+ Level) New management = re-orgs, terms, wanting to make a name for yourself Company is volatile based on market

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HealthEquity Inc. Response
1y
Thank you for your thoughtful feedback. We’re glad you’ve experienced the benefits of our remote culture, generous HSA contributions, and the supportive environment we strive to maintain. We know that times of change—especially with new leadership and organizational shifts—can feel challenging. These changes are part of setting HealthEquity up for long-term success and sustainable growth. That doesn’t make the short-term impacts any easier, and we recognize the need for greater transparency, setting clear performance expectations, and protecting the culture that makes this a great place to work. We’re listening and committed to getting better. Thank you for sharing your perspective—it helps guide our path forward.
3.0
Mar 9, 2022
Recommend
CEO approval
Business Outlook

Pros

In the last seven years of my career at numerous companies, this is probably my favorite job, team, and director. The company hires genuinely good people, everybody works together as a team, but all of the good that I'm mentioning comes from the department and director I am working for. The company offers some unique benefits that are really good such as the amount they contribute to your HSA which has been very beneficial for me.

Cons

I've been here a year now, content and not wanting to leave even though I know I can probably go somewhere else and earn 10% - 20% more. However this most recent annual review process was a gut punch to me. I got scored exceeding expectations in every category of the review, and only got a 2% raise with no discussion about it. If you ask me, in a NORMAL non inflation at 10% year, a 3% raise should be the minimum for cost of living increase. So to work at a place that I thought cared about employees, to be told that the work I am doing is exceptional and it was an incredibly good move for the company to hire me, and then be slapped with a 2% raise on a year with 10% inflation, was a serious gut punch to me. How on earth do you expect to retain top talent if you are paying your exceptional performers a meagerly 2% raise? I had thoughts of trying to work my way up the ranks at this company, but now I'm even questioning that. Will I eventually receive a promotion and be given another 2% raise and more responsibilities and a new job title and be expected to be happy? I'll tell you honestly, the first thing I did after my yearly review was update my resume, because as good as a team and individuals are to me, a place without career growth is no place to build a career.

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HealthEquity Inc. Response
4y
We agree that we have some of the best teammates around. HealthEquity is continually working to make our benefits and total rewards competitive; your feedback helps us do that. We encourage you to discuss your concerns about your review with your leader or a people business partner. Thanks for your feedback; we will share it with our total rewards team.
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Glassdoor has 980 HealthEquity Inc. reviews submitted anonymously by HealthEquity Inc. employees. Read employee reviews and ratings on Glassdoor to decide if HealthEquity Inc. is right for you.