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CDHP, HDHP Companies
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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).
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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.
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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).
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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.
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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).
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