'Employees will be allowed to better prepare for their future health care needs and set aside untaxed funds to cover those costs,' added Doug Hammond, Vice President of Sales and Business Development.
Schaumburg, IL (PRWEB) August 23, 2013
Benefit Express Services, LLC, a leader in providing online benefits administration for large, medium and small organizations, announced today it is partnering with Village Bank and Trust, a Wintrust Community Bank, to offer Health Savings Account (HSA) Administration services. "Benefit Express is excited to announce this partnership," said Maria Bradley, president and founder of Benefit Express, "Village Bank and Trust will ensure our clients’ employees will receive their funds easily and quickly."
Click here for more information on Benefit Express' HSA administration services.
A Health Savings Account is a tax-advantaged medical savings account that is available to employees enrolled in a high-deductable health plan. Participants are not subject to federal income tax at the time of deposit and may use their funds for a variety of qualified medical expenses. Additionally, unlike a Flexible Spending Account, funds roll over from year to year if not spent.
Benefit Express’ Health Savings Account Administration features include:
- A debit card for employees with single point authentication
- Internet-based self-service for employees
- Proven technology for tracking data relevant to HSA activities
- Managing the payroll interface, direct deposit, and debit card services
- Multiple reimbursement options
- Customer Care Center support
“Employees will be allowed to better prepare for their future health care needs and set aside untaxed funds to cover those costs,” added Doug Hammond, Vice President of Sales and Business Development. This partnership enhances the HSA Administration service offered by Benefit Express and will simplify the burden placed on employers as well as provide unparalleled support for their employees.
About Village Bank & Trust
Village Bank & Trust, a Wintrust Community Bank, has seven locations in the following cities; Arlington Heights, Des Plaines, Mt. Prospect, Park Ridge, and Prospect Heights. Village Bank & Trust provides customized products and services for residents and businesses in the area and is a Member FDIC and Equal Housing Lender. For more information visit the bank’s website at http://www.bankatvillage.com, “Like” us on Facebook http://www.facebook.com/BankAtVillage or follow us on Twitter @BankAtVillage.
About Benefit Express
At Benefit Express, the focus is on flexible administration solutions. Their self-service platform - My Benefit Express™ - delivers tools which help clients efficiently manage HR & Benefits Administration. With My Benefit Express™ clients have direct access to: customized content delivery, enrollment assistance, employee benefit education tools, transactional administrative processing/tracking, carrier billing reconciliation, vendor data-links and detailed HR reporting. Benefit Express’ solutions provide the flexibility for clients to choose how, where and by whom work gets done. For more information, visit http://www.BenefitExpressOnline.com
Vice President, Client Relations and Business Alliance Manager