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•Managed Care Companies

•CDHP, HDHP Companies

HSA Market Report

Banks, Trustees

PRINCIPAL ADDS MORE MUTUAL FUNDS TO HSA PACKAGE
Principal Financial Group (Des Moines, IA) will expand to 35 the number of mutual funds available to HSA account holders, effective Jan. 1, 2005, the company said.

WELLCHOICE TO USE MELLON AS HSA TRUSTEE
WellChoice Inc. (New York), which will begin offering HSA-compatible health plans to groups with 51 or more employees, will use Mellon Financial Corp. (Ridgefield Park, NJ) as its preferred HSA trustee and administrator.

HAP TO OFFER HSA PLANS, TAPS MELLON, LUMENOS
Health Alliance Plan (Detroit) is offering HSA-compatible high-deductible health plans and is using Mellon as HSA trustee and Lumenos as administrator, the company announced.

DEBIT CARD COMPETITION GETS WILD
Providers of debit cards for tax-advantage spending accounts, including industry leaders Med-i-Bank (MBI), Evolution Benefits and Motivano, face a fierce competitive battle in the burgeoning market for HSA swipe cards.

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