Alegeus recently announced its "next generation" health savings account (HSA) processing capabilities (read the press release here). This expanded HSA functionality creates the industry’s only single, wholly-owned technology platform to handle consumer directed healthcare (CDH) account administration, benefit card processing and HSA recordkeeping.
Health Savings Accounts (HSAs) are arguably the most compelling tax-advantaged benefit account. With HSA adoption forecasted to continue its steep growth trajectory, HSAs represent a significant opportunity for your organization to drive new revenue and grow customer relationships. The Alegeus Technologies HSA solution is simple, comprehensive and flexible, enabling a variety of organizations to build successful HSA programs and product offerings.
For financial institutions, HSA custodians and non-bank trustees, Alegeus provides a complete HSA solution including HSA recordkeeping, employer administration services and online account access for employers and accountholders. Our modular approach allows you to provide your own HSA recordkeeping platform or use ours. If you have an HSA processing platform but it doesn’t allow you to effectively serve the employer market, then you can integrate your platform with Alegeus’ complementary services.
Our solution supports batch and online enrollment, affiliates applicants to their employer at enrollment, provides numerous employer funding services and an employer portal for employers to obtain reporting, fund and manage their employees’ HSAs. For accountholders, our client-branded WealthCare Portal and WealthCare Mobile applications provide access to balances, transactions, interactive HSA videos, calculators and FAQs, online funding from external accounts, online bill payment, contribution history, an online expense tracker, and integrated investment account.
For health plans, administrators and other non-custodial entities that are looking to offer HSAs as a part of their integrated CDH solution portfolio, Alegeus can integrate our administrative platform to any HSA custodian or you can use one of our pre-integrated partners. Our services give you ultimate flexibility and the ability to enter the market with a compelling HSA offering, while cultivating an online experience that is consistent with how your members access their other healthcare information. And, our “white-label” approach ensures that your branding carries through all aspects of the participant experience, regardless of the custodian, including communications and debit cards.