|
News WageWorks and HSA Bank Team Up to Take Consumer-Driven Plans to the Next Level (June 29, 2010 - San Mateo, CA) WageWorks, the nation's largest independent provider of consumer-directed benefits solutions, today announced a partnership with a leading health savings account (HSA) custodian, HSA Bank. The partnership expands and strengthens WageWorks' already deep HSA offering and will provide HSA participants with even more flexibility and options to make important investment and health care decisions. "Now that health care reform has passed, health savings accounts are only going to increase in importance," said Joe Jackson, WageWorks' CEO. "While an HSA is an individual choice, the partnership we created with HSA Bank removes many of the traditional barriers to entry and enables employers to offer a high-quality, low-cost health benefit that truly anyone at any company can participate in." A WageWorks-HSA Bank health savings account offers plan participants the following features:
Dollar one investment account funding Multiple investment and savings options With a WageWorks-HSA Bank health savings account, participants can choose between multiple investment and savings options, including an FDIC-insured interest bearing account, a low-fee trading account, or a collection of 12 pre-selected no-load mutual funds. Seamless, one-step enrollment The WageWorks-HSA Bank partnership simplifies and streamlines the HSA enrollment process. Unlike the two or three steps typical of most HSA offerings, the HSA Bank application is processed simultaneously with the WageWorks benefit enrollment, eliminating risk and saving participants valuable time and inconvenience. "Our partnership with WageWorks brings tremendous benefits to the large group employer market by joining two best of breed organizations and products into one convenient delivery point," said Itamar Romanini, senior vice president of business development for HSA Bank. "From a seamless enrollment process to unified servicing, we bring excellence in service and member experience to the market place."
About HSA Bank HSA Bank is a division of Webster Bank N.A. FDIC Insured, NAB, subsidiary of Webster Financial Corporation (NYSE: WEBS). About WageWorks WageWorks, Inc. is a leading on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, or CDBs, in the United States. We administer and operate a broad array of CDBs, including spending account management programs such as health and dependent care Flexible Spending Accounts, or FSAs, Health Savings Accounts, or HSAs, Health Reimbursement Arrangements, or HRAs, and commuter benefits, such as transit and parking programs. Our corporate headquarters are located in San Mateo, California. We have additional facilities in Arizona, California, Colorado, Florida, Kansas, Michigan, New York, Wisconsin and now Vermont. For more information, please visit our website at www.wageworks.com. |
Copyright © 2012. All contents and the design of this website are copyrighted by WageWorks, Inc. and may be protected by other laws. WageWorks is a registered trademark of WageWorks, Inc. All other trademarks are the property of their respective owners. No part of this site is intended to provide tax or legal advice. Tax savings examples are provided for illustrative purposes only. You should consult a professional advisor regarding your personal situation. |
