WorldatWork and National Business Group on Health Co-Develop E-Learning Program on HSA Fundamentals

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Health Savings Accounts have created quite a stir ever since the tax-free savings vehicle was introduced as part of the Medicare Modernization Act in December 2003. In response to customer demand for HSA education, WorldatWork and National Business Group on Health have teamed to create an e-learning program entitled “HSA Fundamentals – Key Components and Operational Requirements of Health Savings Accounts.”

This e-learning program will give participants the information and knowledge they’ll need to effectively administer HSAs.

Health Savings Accounts have created quite a stir ever since the tax-free savings vehicle was introduced as part of the Medicare Modernization Act in December 2003. In response to customer demand for HSA education, WorldatWork and National Business Group on Health have teamed to create an e-learning program entitled “HSA Fundamentals – Key Components and Operational Requirements of Health Savings Accounts.” The e-learning course was developed to meet the needs of benefits professionals, HR generalists, and management seeking a better understanding of the trend towards more consumer-directed health care, with HSAs as a potential plan design component. “Communication and education is key to the successful implementation of HSAs. These savings vehicles may offer organizations a cost-effective mechanism to achieve health care cost containment and offer employees more choice,” said

Lenny Sanicola, CBP, WorldatWork benefits practice leader.

HSA Fundamentals E-Learning provides an overview of the key components and operational requirements of Health Savings Accounts (HSAs). Participants will identify and explore eligibility and contribution requirements, implementation options for employers, and distribution guidelines.

The program covers the following topics:

·Key components of HSAs

·Eligibility requirements and restrictions

·Contribution limits and specifications

·Employer implementation options

·Distribution guidelines

With HSA Fundamentals E-Learning, companies can train one employee at a time or the entire HR department. Just 30-minutes long, the course is available online 24/7. The cost for 1-5 users is $49 (per user) for members and $64 for nonmembers.

“As more and more companies adopt HSAs as part of their benefit programs, having HR staff who truly understand how these plans work will be critical to their success,” said Helen Darling, President of the Business Group. “This e-learning program will give participants the information and knowledge they’ll need to effectively administer HSAs.”

For more information or to register, contact WorldatWork Customer Relationship Services at 877/951-9191 or visit the “E-Learning” page at http://www.worldatwork.org/education.

About WorldatWork®

The Total Rewards Association

WorldatWork (http://www.worldatwork.org) is the association for human resources professionals focused on attracting, motivating and retaining employees. Founded in 1955, WorldatWork provides practitioners with knowledge leadership to effectively implement total rewards – compensation, benefits, work-life, performance and recognition, development and career opportunities – by connecting employee engagement to business performance. WorldatWork supports its 30,000 members and customers in 30 countries with thought leadership, education, publications, research and certification.

The WorldatWork group of registered marks includes: WorldatWork®, workspan®, Certified Compensation Professional or CCP®, Certified Benefits Professional® or CBP, Global Remuneration Professional or GRP®, Work-Life Certified Professional or WLCPTM, WorldatWork Society of Certified Professionals®, and Alliance for Work-Life Progress® or AWLP®.

About National Business Group on Health

Founded in 1974, the National Business Group on Health (http://www.businessgrouphealth.org), formerly the Washington Business Group on Health, is the only national non-profit organization exclusively devoted to representing the perspective of large employers and providing practical solutions to its members' most important health care problems. Recognized as the leading voice of large employers, the Business Group represents over 250 members on their most important health issues. Business Group members are primarily Fortune 500 companies - including the nation's most innovative health care purchasers - who provide health coverage for more than 50 million U.S. workers, retirees, and their families.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

Contact:

Marcia Rhodes, APR

Media Relations

Phone: 877/951-9191 (toll free)

Direct: 480/348-7285

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