SelectAccount Announces Appointment of New CEO

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Matthew Marek Named Chief Executive Officer

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SelectAccount is well-positioned for growth with the opportunity to better serve our members and expand nationally to become the fastest growing consumer health company by 2020.

SelectAccount, a leading provider of medical savings accounts including HSA, FSA, HRA and VEBA, today announced Matthew Marek will move forward as CEO of SelectAccount effective April 11, 2016. Matthew succeeds SelectAccount’s current President and CEO Carol Kraft who will be retiring from SelectAccount.

Carol’s decision to retire will bring a close to a remarkable career of nearly 40 years of experience in the health care industry, many of which were spent at Blue Cross and Blue Shield of Minnesota and SelectAccount. Carol has been an impactful leader during her tenure at SelectAccount, contributing to SelectAccount’s success through her expertise and talents on numerous internal and external community initiatives. She has been a mentor to many and also been the executive sponsor of Fuerza Azul employee resource group for the past five years. She has dedicated time and leadership to the Women’s Health Leadership TRUST, the Women’s Business Leadership Organization, the American Heart Association’s Go Red for Women, Bethesda Hospital Foundation and the Walker Methodist Health Care Foundation.

Marek joins SelectAccount from Blue Cross and Blue Shield of Minnesota, where he served as vice president, product and marketing with responsibility for product, marketing, innovation, digital and consumer experience. He previously served in a variety of executive leadership roles over his ten-year tenure with Blue Cross and Blue Shield of Minnesota, including vice president of sales overseeing national accounts, individual, small and mid-sized employer group sales in both commercial and Medicare products, as well as broker and consultant relations, sales operations and sales technologies. He also has experience in financial services and property casualty insurance lines.

“I am thrilled to lead SelectAccount as we continue to advance the great work of this organization,” Marek said in a statement. “SelectAccount is well-positioned for growth with the opportunity to better serve our members and expand nationally to become the fastest growing consumer health company by 2020.”

Marek holds a bachelor’s degree in business administration and finance from the University of Wisconsin-River Falls. Marek is vice chair of the board of directors at CCStpa and also sits on the boards of Consortium Health Plans and Greater Twin Cities YMCA. Marek is a 2011 recipient of the Minneapolis/St. Paul Business Journal’s 40 Under Forty Award.

About SelectAccount
SelectAccount has been driving innovation in medical spending administration for over 25 years. By offering a full suite of tax-advantaged solutions – HSA, HRA, FSA, VEBA, transportation and dependent care accounts – as well as WalletDoc consumer tools, SelectAccount is positioned to meet clients’ changing needs as they plan for upcoming health care expenditures. SelectAccount is one of the leading medical spending administrators in the country, serving over 400,000 account holders and managing approximately $800 million dollars in consumer medical account savings assets. SelectAccount is integrated with numerous partner data exchange connections, serving over 8,500 employers with account holders in all 50 states. MII Life, Inc., d.b.a. SelectAccount has been approved by the U.S. Department of Treasury as a non-bank HSA Trustee. SelectAccount is headquartered in Eagan, Minnesota with locations in Chicago, IL, Dallas, TX and New York, NY. Visit to learn more.

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Victoria Hartwigsen
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