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CDHP, HDHP Companies
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GPA GOES TO HSA PLAN AS FULL-REPLACEMENT
Group & Pension Administrators (Richardson, TX), a third-party administrator of 50,000 self-insured lives, has enrolled its own 170 employees in an HSA-compatible high-deductible health plan as a total replacement product effective Jan. 1, 2005.
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SMALL BROKER SAYS HSA COMPENSATION MUST CHANGE
Sam Bennett, a partner in the four-person insurance brokerage firm of Harrison Agency (Columbia, MO), told HMN that he is actively selling HSA-compatible health plans to individuals because he believes in the concept.
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STERLING IS PREFERRED HSA ADMINISTRATOR AT 2 ASSNS.
Sterling HSA (Lafayette, CA), co-founded in February by former Health Net executives Cora Tellez and Michael Woodard, will be the preferred administrator for enrollees in HSA-compatible health plans offered through the California Dental Assn. and the California Bankers Assn.
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PERFORMAX ADDS HSA ADMINISTRATION
Performax (Baltimore), an administrator of self-insured employer health benefits, will also administer HSA-compatible high-deductible health plans for self-insured clients, the company announced. Performax hasn’t yet named an HSA trustee, a spokeswoman said.
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TRUSTMARK SEES HSA PLAN GAINS
Trustmark Insurance Co. (Lake Forest, IL) has about 2000 small group lives in HSA-compatible health plans representing $3 million in annual premiums, according to Tom Luddy, assistant vice president of sales at the company’s Starmark division.
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WAGEWORKS ACQUIRES FLEXBEN
WageWorks (San Mateo, CA) continued to expand its presence in the consumer-directed healthcare market, announcing the acquisition of privately held FlexBen (Detroit), a third-party employee benefits administration firm.
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