|
|
|
| 
January 2008
|
HSA Market News, January 2008; Volume 5, Number 1
Aetna CDHP lives hit 994,000…HSA Bank names Dean CEO…Aetna outlines keys to success…Canopy raises $15 million…BCBS-NC eyes CDHIP gains…Members don’t understand plans…United CDHP lives up 22%...’08 max contributions rise…Wolters Kluwer HSA software…Mangrove offers HSA service…HSA Bank deposits top $500mm…UMB HSA deposits top $100mm…and more…
|
|
AETNA CDHP LIVES HIT 994,000
Aetna Inc. (Hartford, CT) reported that it had 994,000 members in its HealthFund family of consumer-directed health plans in 2007, up 47% from 2006.
|
|
CANOPY FINANCIAL RAISES $15 MILLION
Canopy Financial (San Francisco), which provides account management software for HRA and HSA banks, administrators and health plans, will announce Jan. 9 that it has raised $15 million in venture funding led by Granite Global Ventures (Menlo Park, CA).
|
|
UNITEDHEALTH CDHP LIVES RISE 22% IN 2007
UnitedHealth Group (Minnetonka, MN) reported that consumer-directed healthcare lives rose 22% to 2.315 million in 2007. In the fourth quarter of 2007, CDHP membership rose just 1.1% compared to the third quarter. The figures include both HSA and HRA lives.
|
|
MAX ’08 HSA CONTRIBUTION: $2900 SINGLE, $5800 FAMILY
The maximum annual pretax contribution that can be made to an HSA is $2900 single, $5800 family, according to the U.S. Treasury Dept. That’s up 1.8% from $2850 single in 2007 and 2.7% from $5650 family. Deductible levels for qualifying high-deductible health plans must be at least $1100 single, $2200 family in 2008.
|
|
WOLTERS KLUWER TEAMS WITH CANOPY ON HSA SOFTWARE
Wolters Kluwer Financial Services (Minneapolis, MN) is offering financial institutions online HSA enrollment and administration software that combines the company’s compliance documents and other content with account management software from Canopy Financial (San Francisco).
|
|
UMB TOPS $100 MILLION IN HSA DEPOSITS
UMB Healthcare Services (Kansas City, MO), a unit of bank holding company UMB Financial Corp., reported assets in HSAs of more than $100 million, up 52% over the past 12 months. The company has issued more than 750,000 HSA, FSA and HRA. debit cards
|
|
MANGROVE LAUNCHES HSA SERVICE
Mangrove Employer Services (Tampa, FL), a benefits administrator, is offering its clients HSA administration services through a partnership with Evolution Benefits and The Bancorp Bank. Evolution will provide electronic benefit payment services, and Bancorp will act as HSA trustee.
|
|
WELLNESS NATURAL EXTENSION OF CONSUMERISM
The current push toward wellness programs is a natural extension of the consumerism revolution, according to a new report titled ROI and Outcomes of Wellness Initiatives, 2008, both which rely on people taking greater responsibility for the own health. The report was published this month by Corporate Research Group (New Rochelle, NY).
|
|
|
|
