HSA Clearing Corp Offers HSA Education for Employer Groups

As more employers start to consider consumer direct health care plans for their employees, offering HSA education is the key to having a successful sign up.

Lake Geneva, WI (PRWEB) February 27, 2006 -- The leading provider offering financial institutions a complete turn key HSA program is now expanding its HSA education program for employer groups.

As more employers start to consider consumer direct health care plans for their employees, offering HSA education is the key to having a successful sign up.

“HSA Clearing Corp is already working with a number of large employers that will be offering High Deductible Health Plans (HDHP) starting in 2007,” Tim Morales, President of HSA Clearing Corp, said. “Early education to employees is one of the many benefits of the HSA program and it insures a higher sign up ratio among the employees. We have found that when a employer offers a HDHP along side their old plan sign up can be only 5 to 10% as most people are unaware of how they work, but with the proper employee HSA education prior to enrollment, sign up can be up to 50% or better the first year. Each group receives their own website, built to their specific HDHP, and then we explain what the employees benefit would be in their situation. This way there is no confusion as to how the employers HDHP will work. We tested this with HSA Trustee Services and found this is a win for the employees, a win for the employer and the financial institution setting up the Health Savings Accounts.”

“Any bank can hang out a sign offering HSAs, but HSA Clearing’s turn-key HSA program brings all the tools our financial partners need to offer a successful HSA program. Section 125 plans and Quick Disbursement for employers, our “HSA Rx Card” for prescription savings, brochures, marketing pieces, investment options and U.S. Treasury approved HSA forms are just some of the many products we offer,” Morales added. “We have been setting up HSAs since day one and have anyways had whats best for the consumer in mind.”

If your company is considering offering a HDHP plan or you wish to have your financial institution set up to offer HSAs, please give us a call at 866-HSA-4721.

About HSA Clearing Corp

HSA Clearing offers turnkey solutions for financial institutions nationwide to initiate and administrate HSA accounts. For more information on this program, or the other benefits of using HSA Clearing Corp, please call 262-348-1300 or visit the website at www.hsaclearing.com

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