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HSA Market Report

Managed Care Companies

INDEPENDENT TAPS AMISYS FOR CDHP ADMINISTRATION
Independent Health (Amherst, NY), with 350,000 members, has tapped Amisys Synertech Inc. (Rockville, MD) to handle administration of HRAs and HSAs tied to high-deductible health plans.

M-CARE PICKS EVOLUTION BENEFITS FOR DEBIT CARD
M-Care (Ann Arbor, MI), a not-for-profit health plan owned by the University of Michigan, will offer the Benny debit card from Evolution Benefits (Avon, CT) as part of its HSA-compatible high-deductible health plan offering.

CONNECTYOURCARE NAMES O’CONNELL VP, MIDWEST
ConnectYourCare (Baltimore, MD), a division of Revolution Health Group, has named Daniel O’Connell regional vice president, midwest region.

INTEREST RATE IS KEY FOR HSA HOLDERS, HORIZON SAYS
A survey by Horizon Blue Cross Blue Shield of New Jersey (Newark, NJ) found that the level of the interest rate is the most important feature of an HSA among employers and employees.

CIGNA EXPANDS HSA PLANS TO 51-200 EMPLOYEE GROUPS
Cigna Corp. (Philadelphia) announced that it would begin offering its Choice Fund HSA-compatible high deductible health plans to employers with 51 to 200 employees in eight states and Washington, DC.

AETNA HRA, HSA LIVES DOUBLE TO 433,000
Aetna Inc. (Hartford, CT) reported that it had 433,000 lives in its HealthFund family of HRA and HSA-compatible high deductible health plans as of Sept. 30, more than double the 214,000 it had a year earlier.

FLORIDA OFFERS HSA PLANS
The state of Florida is offering its 360,000 employees, retirees and dependents the option of an HSA-compatible high-deductible PPO health plan administered by Blue Cross Blue Shield of Florida in 2006 as well as HSA-compatible HMOs from AvMed, UnitedHealth and Florida Health Care Plans.


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