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Banks, Trustees
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MELLON TAPPED BY NGS, CALCPA, INDEPENDENT
NGS American (St. Clair Shores, MI), a third-party administrator serving 350,000 lives, will use Mellon Financial Corp. (Ridgefield Park, NJ) for HSA trustee services.
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MGIS ADDS MELLON AS 2ND HSA TRUSTEE OPTION
Third-party administrator Medical Group Insurance Services Inc. (Salt Lake City) has chosen Mellon Financial Corp. (Ridgefield Park, NJ) as one of two HSA trustee options for clients who wish to offer high-deductible health plans coupled with health savings accounts.
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1 SIGN-ON KEY TO HSA, PLAN INTEGRATION, LARSON SAID
“The most important thing to me is the single sign-on,” said Herb Larsen, vice president of payer sales, Exante Financial Services, a unit of UnitedHealth Group (Minnetonka, MN), in discussing the company’s HSA integration with United’s consumer-driven healthcare products.
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6 TOP HSA BANKS HAVE 287,000 ACCOUNTS
Six leading banks offering HSAs— Exante, Fifth Third, HSA Bank, JPMorgan, Mellon, and Wells Fargo—have a total of 287,000 accounts, according to a HMN tally.
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