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BenefitWallet, a Xerox Solution, Selects the ConnectYourCare Spending Account Platform
Date:6/25/2013

Hunt Valley, MD (PRWEB) June 25, 2013

Broadening its portfolio of solutions that simplify the business aspects of health care, Xerox (NYSE: XRX) recently introduced BenefitWallet™, A Xerox Solution. ConnectYourCare, a leading consumer-directed healthcare (CDH) account administrator, was selected as the platform to bring integrated health spending account solutions to BenefitWallet clients.

BenefitWallet is the nation’s top HSA administrator. In conjunction with BNY Mellon as custodian, BenefitWallet serves 27,000 HSA employer customers and manages accounts for more than 2 million account holders and dependents with an accumulated $1.4 billion of HSA assets.

By consolidating and integrating the management of health spending accounts, employers and health plans can achieve several goals, including: improving benefit enrollment and account opening; consolidating customer service; simplifying communications; and streamlining account funding and management.

BenefitWallet will expand on the HSA service offering to provide employers and health plans a broad spectrum of tax-advantaged accounts with multi-pursing capabilities, incentive programs, decision support tools and education programs. BenefitWallet can be readily added to existing benefit administration applications. Employers and health plans can offer account holders any combination of account-based benefits powered by ConnectYourCare’s cutting-edge account administration technology.

“BenefitWallet’s commitment to tax-advantaged accounts reinforces the growing need to provide employers and employees with superior technology, enabling individuals to become more effective healthcare consumers,” said Allen Pease, Vice President of Sales for ConnectYourCare. “Employers and health plans that can deliver scala
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