HSA Clearing Corp Offers On-Line Health Savings Account Enrollment

Lake Geneva, WI (PRWEB) May 25, 2006

The leading provider of complete turn key HSA programs for financial institutions announces the addition of On-Line Health Savings Account Enrollment to its list of HSA products.

Financial institutions that wish to offer on-line Health Savings Account applications can now do so using a secure platform. All applications are encrypted with an industry-standard Secure Socket Layers protocol, and can be deployed securely using SSL.

A recent survey of over hundred banks offering HSAs by Information Strategies Inc indicates that total Health Savings Accounts custodial deposits reached almost $2.1 billion dollars by March 31st. This represented a jump from the $1.1 billion dollars in HSA accounts as of the end of 2005.

“More banks and credit unions need to start offering Health Savings Accounts to their client base”, said Tim Morales of HSA Clearing Corp. “The banks offering HSAs are not only growing their deposit base, but also adding new customer accounts because they are offering HSAs. HSAs are a great new opportunity for financial institutions, looking to grow their deposit base. HSA Clearing can help them set up a HSA program to do it right."

HSA Clearing Corp has set up banks and credit unions across the country to offer HSAs. Within days, Health Savings Account monies can be deposited locally to better benefit the individual communities and the bank or credit union’s customers.

Financial institutions that take advantage of HSA Clearing Corp’s set up program receive a customized HSA website, HSA forms, Section 125 plans for employer payroll deductions, and the exclusive HSA Rx Card program, which can be offered to all the financial institution’s customers. Employer groups can use the Quick Disbursement service, which allows HSA clients to transfer money into their HSA account 24-hours a day, 7-days a week, even if their primary checking or savings account is located at another institution. For financial institutions that wish to provide investment options, they now have access to low-cost online brokerage services from optionsXpress, ranked the top online securities brokerage four years in a row by Barron’s.

For more information on using HSA Clearing Corp’s turn-key HSA package contact HSA Clearing Corp, 262-348-1300.

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