Employers Use Product to Shift Employees to HSA Plans and Cut Costs
AMHERST, N.Y., May 18 /PRNewswire/ -- StreetWise HSA(SM) is the first one-stop, low-cost, customizable platform for employee HSA education. StreetWise HSA (SM), which is now available nationally, is helping employers positively transition their employees to Health Savings Account plans and cut costs.
StreetWise HSA(SM) is the only employee HSA education platform that:
With the economic downturn and in response to rising health benefits costs, employers know they need to transition their employees to consumer-directed health plans (CDHPs), such as HSA plans. Mercer's just completed survey suggests that the percentage of employers offering CDHPs could double in 2010, with more than a fifth of all respondents - 22 percent - planning to adopt these plans. With premiums 25%-40% lower than traditional health plans, HSA plans can be designed to save employers thousands of dollars per employee.
The challenge in positively transitioning employees to lower cost HSA health plans is education. Few employees truly understand these plans. While 6.1 million people are enrolled in HSA plans through their employer (per the latest AHIP survey), this is out of approximately 60 million employees offered these plans. StreetWise HSA(SM) solves the employee education challenge for employers.
StreetWise HSA(SM) is available in Basic (FREE) and Premium level packages. As a special introductory offer, the Premium package, which includes the customized Savings Calculator, is also FREE for the first year at http://www.StreetWiseHSA.com. (Subscriptions normally range from $40 - $200 per month, depending on employer size.)
About Manning & Napier Information Services
StreetWise HSA(SM) is a product from Manning & Napier Information Services (MNIS). Founded in 1995, MNIS has developed an array of innovative technology and service solutions for Fortune 500 companies, the U.S. government, and the small and medium-sized business markets. MNIS has extensive experience with benefits management and employee education, including implementing HSA health plans for manufacturing, technical, service, professional, and municipal organizations.
|SOURCE Manning & Napier Information Services|
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