Eagan, Minn (PRWEB) June 18, 2013
Reed Erickson, vice president of compliance and risk management for SelectAccount, has been named treasurer of the Employers Council on Flexible Compensation (ECFC). Erickson has been an active member of ECFC for eight years, and was recently appointed to the board of directors. During his tenure with the organization, Erickson also served on the legislative and conference committees.
“Employers will continue to play a crucial role in connecting employees with reliable and affordable health benefits, whether they offer an employer-sponsored health benefit plan or if they simply want to educate their employees on how to shop for care through the health insurance exchanges. In either case, health savings accounts (HSA) add value by giving individuals a way to pay for health care now or save for the future—all while reducing their taxable income,” said Erickson. “ECFC provides valuable support and resources to employers in these efforts, and works to advance innovation in tax-advantaged accounts.”
ECFC is a non-profit organization dedicated to the advocacy, education, advancement, and innovation of tax-advantaged benefit programs that facilitate choice for employers and their employees.
“Reed Erickson has been engaged in our organization for a number of years and is a tireless supporter of spending accounts. I welcome him in his new role as ECFC treasurer and look forward to the leadership he will provide,” said Dennis Triplett, ECFC chair and CEO of UMB Healthcare Services.
SelectAccount is a Minnesota-licensed insurance company and is an IRS-approved, HSA non-bank trustee. SelectAccount is among the Top 10 HSA account administrators in the country. SelectAccount offers a full range of services in health reimbursement arrangements (HRA), VEBA, flexible spending accounts (FSA), and transportation spending account administration.
In his position at SelectAccount, Erickson is responsible for ensuring that SelectAccount’s products and business practices adhere to industry regulations as well as meeting customers’ needs. In addition to his role with ECFC, Erickson is active with SIGIS, an organization that coordinates medical debit card practices.
MII Life, Inc., d.b.a., SelectAccount, is a Minnesota-licensed insurance company regulated by the Minnesota Department of Commerce, and approved by the U.S. Department of Treasury as a non-bank HSA Trustee. An affiliated company of Blue Cross and Blue Shield of Minnesota, SelectAccount is owned by Aware Integrated, Inc. For more than 20 years, SelectAccount has offered innovative and industry-leading spending accounts. Today, SelectAccount provides health care saving solutions in all 50 states, including service to members through 14 regional health plans and nearly 7,000 employers. SelectAccount now has approximately $400 million in consumer medical savings assets under management, making it among the largest account administrators in the country. Visit selectaccount.com to learn more.
For more information contact:
Barbara Tabor, APR