Navigation Links
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 scalable and integrated multi-account administration solutions, coupled with long-term savings, can more readily meet consumer needs in the evolving benefit marketplace.”

ConnectYourCare's leading CDH platform technology includes:

  • Multi-purse account administration
  • Advanced debit card transactions with automatic substantiation capability
  • Paperless, completely automated financial account claims substantiation
  • Mobile technology, including mobile applications and two-way texting
  • Industry-leading claims processing times
  • Consumer engagement and learning tools

“The adoption of tax-advantaged savings accounts continues to grow as more consumers learn about the advantages of these accounts, and more employers recognize them as an effective strategy to manage health care costs,” said Gregg Larson, SVP and managing director, Healthcare Consumerism at Xerox. “Adding advanced FSA and HRA solutions to our strong portfolio of HSA services is essential to meeting growing customer needs.”

About ConnectYourCare
ConnectYourCare's consumer-directed healthcare platform provides a fast path to account-based health plans, enabling firms to lower health benefit costs while empowering consumers with the tools they need to better manage health savings. The solution of choice for large employers, health plans and banks, ConnectYourCare offers a fresh approach to health savings by combining a simplified experience, seamless access and a unique coaching model to accelerate savings and consumer engagement. By removing complexity and motivating individuals to take control of health savings, ConnectYourCare maximizes return on investment for all participants in the healthcare benefits value chain and enables everyone to simplify, save and grow.

Read the full story at http://www.prweb.com/releases/2013_06/BenefitWallet/prweb10866470.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Paragon BioTeck, Inc. Announces FDA Approval of Phenylephrine Hydrochloride Ophthalmic Solution, USP 2.5% and 10%
2. Tools4ever Creates and Launches New Connector between its User Management Resource Administrator and the enterprise-class email solution, Zimbra
3. The Gerontological Society of America Selects 2012 Fellows
4. President Obama selects Rutgers cell biologist Nihal Altan-Bonnet to receive prestigious award
5. UCAN Selects Defran Systems to Support its Wide Range of Youth and Family Programs
6. Myoderm Selects Tracie DiPasquale To Lead CentralSource
7. Yuma Regional Medical Center Selects LifeWings To Partner in Implementing TeamSTEPPS
8. University of California Irvine, Medical Center Selects Jvion as their ICD-10 Risk Assessment and Crosswalk Provider
9. HREI™ Selects the Top 10 Healthcare Real Estate Topics and Trends of the Past 10 Years
10. American Association of Nurse Practitioners selects Journal for Nurse Practitioners
11. Laredo Medical Center Selects STi Healthcare an Enterprise Archiving Firm to Migrate Over 100,000 Patient Records
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/17/2017)... ... 2017 , ... Kevin Harrington (one of the original Sharks from mega-hit reality ... the topic of Beauty and Personal Care. , Everyone makes New ... to commit to these changes than beginning with personal care and beauty products? AsSeenOnTV.pro ...
(Date:1/17/2017)... ... January 17, 2017 , ... Mirror Mirror Beauty Boutique, Houston’s premiere CoolSculpting ... Level in Zeltiq’s Crystal Rewards Program. Practice founder, Paul Vitenas, MD FACS, is delighted ... providers. , Produced by Zeltiq, CoolSculpting is approved by the Food and Drug ...
(Date:1/17/2017)... ... January 17, 2017 , ... A prescription medication bottle, pocket knife, luggage ... Cradle to Cradle Product Design Challenge , the Cradle to Cradle Products Innovation ... circular design challenges scheduled to run through early 2018. The challenges are presented by ...
(Date:1/17/2017)... ... ... SC&H Group, a leading audit, tax, and consulting firm, announced that Chris ... practice . Rossi is the third technology consulting leader to join SC&H Group’s IT ... the practice continues to expand.     , Bringing more than 25 years of business consulting ...
(Date:1/17/2017)... ... January 17, 2017 , ... The Sharie Withers Agency, a ... the latest beneficiary of their thriving community involvement program. The current campaign fundraises ... the dreams of terminally ill patients. Donations to this worthy cause may now ...
Breaking Medicine News(10 mins):
(Date:1/17/2017)... , Jan. 17, 2017 North America ... GlobalData,s new report, "North America Insulin Delivery Market Outlook ... America Insulin Delivery market. The report provides value, in ... prices (USD) within market segments - Insulin Pens, Insulin ... The report also provides company shares and distribution shares ...
(Date:1/17/2017)... 2017 Research and Markets has announced ... - 2024" report to their offering. ... This new report revisits the market ... was issued in May of 2015. Self-healing is an area of ... analysis we projected a market potential of $2.7 billion ($US) by ...
(Date:1/17/2017)... Israel , January 17, 2017 Management ... TyrNovo, Ltd.   KIT-302 Development On Track For ... FDA in Q1 2017   ... Kitov Pharmaceuticals Holdings Ltd. (NASDAQ: KTOV ; ... update call on Monday, January 23 rd at 8:30am Eastern Time to ...
Breaking Medicine Technology: