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CDHP, HDHP Companies
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HSA HOLDERS FOCUS ON PORTABILITY, SURVEY SAYS
The fact that HSAs are portable—meaning that like an IRA they are the property of the individual—is becoming a key reason why people sign up for health savings accounts, according to a survey from Information Strategies (Ft. Lee, NJ).
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SHPS TEAMS WITH FIRST DATA, UMB
SHPS Holdings Inc. (Louisville, KY), a leading benefits management company, will utilize HSA, HRA and FSA transaction processing services and debit cards from First Data Corp. (Greenwood Village, CO) and trustee services from UMB Bank (Kansas City, MO).
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METAVANTE NAMES REYNOLDS TO HEAD HEALTHCARE
Metavante Corp. (Milwaukee) has named John Reynolds president of the company’s healthcare payment solutions division, which provides debit cards and technology that facilitates HSA, HRA and FSA transactions.
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“DON’T BLAME HSAs,” SAYS HSA TRUSTEE SERVICES
Reacting to “so-called ‘think tanks’ with reports why HSAs are bad,” administrator HSA Trustee Services (Lake Geneva, WI) issued a press release stating that “long before there were health savings accounts, people were buying high deductible health plans to save on their health insurance premiums.”
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WOLTERS KLUWER PUSHES HSA COMPLIANCE PRODUCTS
Wolters Kluwer (Minneapolis, MN) is offering financial institutions a series of HSA compliance products, including documents to complete HSA transactions, marketing programs to help promote HSAs, training, consulting and documentation services.
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HEALTH EQUITY SITE OFFERS eHEALTHINSURANCE LINK
HSA administrator Health Equity (Salt Lake City) announced that it would carry on its web site a link to online insurance broker eHealthInsurance.com (Mountain View, CA), allowing consumers to purchase a high-deductible health plan and sign up for an HSA at the same time.
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BUSH SEEKS INCREASE IN ALLOWABLE HSA CONTRIBUTIONS
The Bush Administration called for an increase in the amount of money people can put into an HSA to a level equal to all out-of-pocket medical expenses under a high-deductible health plan policy for a given year—potentially higher than the current funding limits of the lesser of health plan deductibles or $2700 single, $5450 family.
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HSAs MAY TRIM UNINSURED, TREASURY SAYS
In commenting on President Bush’s 2007 budget proposal to widen the availability of HSAs, the U.S. Treasury Dept. stated that the proposals “could result in a substantial reduction in the number of uninsured.”
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