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HSA Market Report

CDHP, HDHP Companies

CDHPs MEMBERS ARE ENGAGED, DISSATISFIED, STUDY SAYS
Consumer-directed health plans “are delivering on their promise to increase consumer engagement and reduce utilization,” according to a survey by McKinsey & Co. of 2500 healthcare consumers, of which 1000 were members of a full-replacement group HRA plan for at least one year.

CDPHP TAPS HSA BANK, MELLON AS HSA TRUSTEES
Capital District Physicians’ Health Plan (Albany, NY) has selected HSA Bank (Sheboygan, WI) and Mellon Financial Corp. (Pittsburgh, PA) to act as preferred HSA account trustees for enrollees in high-deductible health plans.

LEESPORT FINANCIAL TAKES EQUITY STAKE IN FIRST HSA
Leesport Financial Corp. (Wyomissing, PA) has acquired a minority equity position in First HSA (Reading, PA), an HSA administrator founded in 1999.

FLEX BENEFIT SERVICE OFFERS 2 NEW HSAs
Flexible Benefit Service Corp. (Rosemont, IL), an HSA administrator, announced the introduction of two new HSA options through Millennium Trust, which provides HSA trustee services.

SMALL EMPLOYERS SAVE WITH HSAs
Small employers, which have struggled the most with escalating health insurance costs, are experiencing savings by offering high-deductible health plans combined with HSAs, according to interviews with HMN.


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