JPMorgan Chase & Co.
Feb 20, 2013

J.P. Morgan Health Savings Account Snapshot Shows Consumer Contributions Reach Highest Levels in Eight Years

Healthcare Reform, Rising Costs Prompt Higher Contributions; J.P. Morgan Exceeds One Million Health Savings Accounts Under Management

New York, February 20, 2013 - As national healthcare reforms take effect and costs continue to climb, consumers are getting wiser about medical savings, according to J.P. Morgan's (NYSE:JPM) fourth annual health savings account (HSA) program snapshot released today. Higher deductibles, rising healthcare costs and continued tax benefits have spurred HSA growth. J.P. Morgan currently manages more than one million accounts - the largest pool in eight years.

J.P. Morgan expects that the clarity around healthcare reform will continue to drive demand for HSAs across all segments of the market, which should continue into 2014. Employers will take a much more active role in educating employees on the long-term value of these accounts.

The 2012 HSA program snapshot report provides a transparent view of HSA usage patterns and trends among JPMorgan Chase HSA account holders. The report also provides first-hand insight into how HSAs have become an integral part of helping consumers save and pay for medical expenses.

2012 highlights include:

J.P. Morgan administers HSA programs in conjunction with many of the largest health insurance companies in the United States as well as Fortune 500 companies, small businesses and individuals across the nation. For more information about J.P. Morgan's HSA Program, please visit www.jpmorgan.com/hsa.

A full copy of J.P. Morgan's HSA Program Snapshot is available at www.jpmorgan.com/visit/hsasnapshot. The data was captured between January 1 and December 31, 2012.

About J.P. Morgan's Corporate & Investment Bank

J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18.8 trillion of assets under custody and $366 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com