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PayFlex Partners With Leading Health Education Company
Date:2/26/2008

Partnership key to delivering innovative consumer-directed education solution

OMAHA, Neb., Feb. 26 /PRNewswire-USNewswire/ -- PayFlex Systems USA, Inc., a leading administrator for employee benefit programs, today announced they have entered into an agreement with Asset Health Inc., a Troy, Michigan-based health education management company that drives consumer health literacy using its proprietary web tools and patented knowledge management process. The alliance will enable PayFlex to be one of the first third-party administrators in the industry to provide this critical educational offering in concert with their core benefit administration platform.

"We have been constructing our consumer-directed wellness portal for over a year and the portfolio offered by Asset Health greatly complements our core administration offering and at the same time differentiates us in the market place," said Mark Huber, CEO of PayFlex. "Decision support tools are obviously trendy buzz words in the market, but Asset Health's knowledge management process goes beyond decision support tools to establish the critical comprehension that "your health is your greatest financial asset." Asset Health has done a great job of developing a user friendly educational platform that makes it easy and exciting for the participants."

"PayFlex continues to innovate and position themselves as a strong National Brand for spending account programs in the U.S. market," said David Wilson, Founder and CEO of Asset Health. "We are confident that our broad consumer-centric experience coupled with our innovative and message focused technology will be a mutual win for both entities."

PayFlex operates in 14 locations nationwide and provides benefit administration for over 6,000 employers representing several million employees. "We have been building a unique, integrated consumer-directed solution and when you add what David and his team bring to the table, it certainly enhances our total offering of best in breed services," added Mark Huber, CEO of PayFlex.

ABOUT PAYFLEX

PayFlex (http://www.payflex.com) is a leading nationwide provider of administration for employer benefit programs with nearly 20 years of experience. PayFlex provides a broad range of services to over 6,000 employers, including many Fortune 500 companies that employ several million employees. PayFlex services include FSA, HRA, HSA, Transit and Dependent Care, along with COBRA. PayFlex is headquartered in Omaha, NE, with 14 locations nationwide. For more information, please call Rob Butler, Chief Marketing Officer, at 630 325 6953.

ABOUT ASSET HEALTH

ASSET HEALTH (http://www.assethealth.com) is a knowledge management company that enables businesses to fully engage their employees, through meaningful education, in the delivery and management of their health/healthcare. This is accomplished through a combination of interactive, online courses; adaptive testing; incentives; and ongoing employee communication. Asset Health's objective is to help employers create a cultural change in which employees become actively responsible for their healthcare and recognize that their health is their most valuable asset.


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SOURCE PayFlex Systems USA, Inc.
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