Navigation Links
HSA Bank's Group Online Enrollment Option Jumps in Popularity
Date:4/30/2008

WATERBURY, Conn., April 30 /PRNewswire-FirstCall/ -- HSA Bank(R), a division of Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE: WBS), announced today that more accountholders enrolled in a health savings account (HSA) using HSA Bank's Group Online Enrollment option than its paper application option in the first quarter of 2008. Over the first three months of this year, the percentage of all applications that were processed through HSA Bank's Group Online Enrollment option jumped to 40.6 percent, which represents an 11.5 percent increase from the first quarter of 2007.

The first quarter of 2008 marks the first time that any of HSA Bank's other enrollment options surpassed paper applications. HSA Bank offers four enrollment methods: Individual Online Enrollment (14.6 percent), Group Online Enrollment (40.6 percent), Electronic Enrollment (5.2 percent) and Paper Applications (39.6 percent).

"People are very busy, and they don't want to spend extra time completing paperwork to enroll in an HSA," said Kirk Hoewisch, president of HSA Bank. "Our Group Online Enrollment option allows people to enroll in their HSA quickly and conveniently at the same time they are enrolling for their other employer-sponsored benefits."

HSA Bank's Group Online Enrollment option has grown in popularity each year since it was first offered in October 2005. Group Online Enrollment allows the employer to send its employees a customized link to enroll in the HSA. Currently, nearly 2,300 employers use this option, including UHS-Pruitt, a privately-owned company with more than 16,000 employees.

"HSA Bank's Group Online Enrollment system allowed us to manage effectively our employees' HSA enrollment by ensuring timely entry of application information from our employees and immediate notification of missing enrollment information," said Alrie Kenney, benefits administrator with UHS-Pruitt.

HSA Bank serves customers in every state in the nation and has more than 10 years of experience with health care savings accounts. HSA Bank continuously strives to offer the best HSA product in the industry. HSA Bank combines convenience, service and savings with low account maintenance fees, competitive interest rates, several investment options, 24-hour account access online or through its automated telephone system, and outstanding personal service.

For more information about HSA Bank, visit the HSA Bank website at http://www.hsabank.com.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.2 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 484 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut and provides health savings account trustee and administrative services through HSA Bank. Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit the Webster website at http://www.websteronline.com.


'/>"/>
SOURCE HSA Bank
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Docs Should Tell All About Cord Blood Banks
2. Blue Cross of California Gives $30,000 in Holiday Donations to Food Banks Throughout the State
3. Marketing Powerhouse Wendy Banks Joins Frutels Advisory Board
4. Tobacco-Free Kids Applauds Tyra Banks for Exposing the Ugly Truth About Smoking
5. Alabamas Baptist Health System and Aegis Health Group Partner to Address Local Employers Health-Management Concerns
6. The Heritage Group Selects AccuNurse(R) to Improve Efficiency and Deliver Proactive Care
7. Lockheed Martin Agrees to Acquire Eagle Group International, LLC
8. InterCure Secures Nationwide Distribution Agreement With Lloyds Pharmacy Group
9. Oaks Development Group Acquires Medical Office Building in Punta Gorda, Florida
10. Taxpayer Group Offers Blueprint for Beating Medicares Bankruptcy
11. Pharma Industry Group Favors Obama as Next President
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... ... 2016 , ... Mediaplanet is proud to announce the launch ... innovative treatments, therapeutic technologies, and revolutionized nutrition that are helping patients and physicians ... years in the last 3 decades,” says Dr. Valentine Fuster, a world-renowned cardiologist. ...
(Date:12/2/2016)... ... December 02, 2016 , ... ... diagnostic imaging systems and the first company to offer robotic imaging to ... at their tradeshow booth # 941 for the American Association of Equine Practitioners ...
(Date:12/2/2016)... ... 2016 , ... Yisrayl Hawkins, at The House of Yahweh in Abilene, Texas, ... Bible Prophecy. Yisrayl says this generation, known as the Last Generation, started in 1934 ... details line up exactly with Bible Prophecy – a protected way for those who ...
(Date:12/2/2016)... ... 02, 2016 , ... On November 24th, 2016, Thanksgiving morning, ... different sites throughout Miami-Dade and Broward counties. This is the largest meal delivery ... Thanksgiving morning by putting together individual meals via assembly lines and passing them ...
(Date:12/2/2016)... ... December 02, 2016 , ... ‘Tis the season for giving! Today, 20 ... the National Family Partnership and the Drug Enforcement Administration as part of the National ... the 10 winning schools who decorated their campuses with this year’s Red Ribbon Week ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... , December 2, 2016 ... "In Vitro Diagnostics/IVD Market by Product (Instruments, Reagents, ... Application (Diabetes, Oncology, Cardiology, Nephrology, Infectious Diseases) - ... market is valued at USD 60.22 Billion in ... a CAGR of 5.5% during the forecast period ...
(Date:12/2/2016)... 2, 2016 On Thursday, December ... excellence in research, development and innovation in the biopharmaceutical ... was held in the presence of Sergey Tsyb, Vice ... Russian Federation , Natalia Sanina, First Vice Chairman ... , Head of Roszdravnadzor, National Service of Control in ...
(Date:12/2/2016)... 2, 2016 bioLytical Laboratories, ein Weltführer bei schnellen ... Mitgliedern des Apothekenbundes von Kenia eingeführt. Continue ... ... HIV Self Test! (PRNewsFoto/bioLytical Laboratories) ...      (Photo: http://photos.prnewswire.com/prnh/20161201/444905 ) bioLytical wurde ...
Breaking Medicine Technology: