Thursday, February 02, 2006

HSA Trustee Services Press Release- PRWeb

HSA Trustee Services Expands Rx Savings with MedSave Discount Pharmacy
HSA Trustee Services, a leading provider of Health Savings Accounts/HSA, has signed MedSave Discount Pharmacy to provide mail order pharmacy savings to its members.
Lake Geneva, WI (PRWEB) January 31, 2006 -- HSA Trustee Services, a leading provider of Health Savings Accounts/HSA, has signed MedSave Discount Pharmacy to provide mail order pharmacy savings to its members.“HSA Trustee Services was the first HSA provider to offer a discount prescription drug card for all its HSA clients since January of 2004 and we are always looking for more health care savings for our clients,” Tim Morales said. “We have had nothing but compliments about our “HSA Rx Card” program, which has helped save money on our clients prescription costs. It is just another one of the free services we provide. Adding MedSave for our customers that want even further prescription savings through mail order was an easy choice. MedSave has already been endorsed by the Minnesota Senior Federation, the Coalition of Wisconsin Aging Groups and the United Senior Action Group from Indiana. When we asked for price comparisons and saw the savings MedSave could deliver to our clients we were glad to have MedSave join our team.”“By eliminating costly relationships with insurance companies and stocking primarily lower-cost generics, we have the ability to minimize expenses, allowing us to give discounts as high as 70% off what you may pay in your local pharmacy,” said Sean Kacsir of MedSave “By working with HSA Trustee Services and HSA Clearing Corp we hope to extend our great customer service to all their clients. We invite them to call our pharmacy and ask for a free drug consultation at 866-856-9633 and just say “HSA”.”People with Health Savings Accounts/HSA, Flex or Cafeteria Plans can not only save more on their prescription drug costs, they can also have the payment taken right out of their Tax-Free accounts for easy verification of their qualified health care expense. MedSave also accepts Medicare Part D accounts.

Tuesday, January 31, 2006

HSA Press Release -PR Web

Bankers Predict Blockbuster Year for Health Savings Accounts in 2006
Initial results from Information Strategies Inc.’s 2005 year-end survey shows a significant jump in HSA accounts with more than 1.1 million reported from the 100+ banks surveyed. Total funds under management at the end of 2005 were projected by ISI at $1.2 billion.
(PRWEB) January 30, 2006 -- With 2005 ending on a high note in terms of new accounts in December, many bankers who currently offer HSAs expect 2006 to be a blockbuster. Initial results from Information Strategies Inc.’s (ISI) 2005 year-end survey shows a significant jump in HSA accounts with more than 1.1 million reported from the 100+ banks surveyed. Total funds under management at the end of 2005 were projected by ISI at $1.2 billion. HSAs are made up of two parts -- a high deductible healthcare insurance policy coupled with a tax-deferred custodial account. What’s more, except for one bank, all expected enrollments to double or triple in 2006. The one reluctant bank said it was in the field only for a short time and had no track record to draw upon in predicting 2006 Predictions. JoAnn Laing, President of ISI, said the company’s forward projections put the number of HSA insured at the end of 2006 at 8.7 million with custodial accounts totaling 3.6 million and assets under management tripling to $5.1 billion.At the same time, two emerging trends in fees and costs were also surfaced in the study. In the first, average set-up fees slipped below $25 per account from a year-ago figure of $48.The second trend was that average balances reported by banks soared to more than $1,500 above the estimated $1,100 projected just last November. The ratio of family versus individual accounts rose to 3-1 by banker estimates. The number of individuals covered under these accounts were put more than 2.4 million while it is estimated that another 10% of covered HSA insured individuals had not opened an account.Small Business, Individuals Driving HSAs. The number of community banks and credit unions reporting results tripled from December 2004. Further, all banks indicated strong demand from individual account holders were driving the program. Many banks indicated they hope to drive sales by obtaining one or two large corporations as clients and adding large numbers in a single event. At the same time, they were getting accounts from smaller companies and from individuals choosing them over the custodian being suggested by insurers.

About Information Strategies, Inc. Information Strategies, Inc. (ISI) is a Media and Marketing Company serving small and medium businesses as an information center and large corporations as an advisor and utilized one or more of the firm’s marketing channels to purchase or evaluate product in 2005. Editorially, the company has been ahead of the curve on such issues as “voice over internet,” health savings accounts, and marketing and branding issues that affect small firms. Because it regularly surveys its audience, ISI was able to identify Health Savings Accounts as an important initiative. ISI’s surveys and editorial content have appeared in The Wall Street Journal and The New York Times and are noted for their prescient identification of issues.

Sunday, January 29, 2006

UniCare Texas Press Release 1-27-2006

Sound Health Insurance Is the Newest Plan Offered by UniCare of Texas to Reach "Young Invincibles"

Sound Health plans are targeted at Texas' 1.2 million uninsureds between the ages of 19-29, and offer a truly original approach to health care coverage starting 2-1-2006. "Sound is fun, affordable, easy to understand and includes preventive, emergency and pharmacy benefits. These young invincibles can choose from the Gravity Bender, Curb Jumper and The Cruisers," says UniCare Premier Agent Jeff CLine.
(PRWEB) January 27, 2006 -- This unique health plan is tailored to the lifestyle and attitudes of the Texas "young invincibles" (young men & women between 19 to 29) who are on the cutting edge of Texas culture. There are currently an estimated 1.2 million uninsured 19 to 29-year-olds in the state of Texas. According to the insurance industry, young adults have the highest rate of being uninsured (about 29 to 39 percent) because they tend to be those who are no longer being covered by parents insurance plans and are just starting new careers that are less likely to have insurance or health plans offered by employers.Cline has many reasons why he is making so much NOISE about the plan, including the simplicity of the application process. PAPERLESS Thats right, everything is online."Yesterday, I went through the process online; it took us only 12 minutes to complete the application and then nine minutes later, I received his approval letter," Cline said. "I also worked with a customer today who found me on MSN under a search for 'Sound Health Insurance,' and within he found the Perfect plan to fit his needs."The online application and the Sound Health system has taken weeks even months off the traditional average underwriting process. Cline adds that not all cases will go as smoothly as the examples mentioned; the process varies for each individual."I am very impressed with UniCare of Texas and their ability to provide such a cutting edge site, and great coverage for such a reasonable price," he said."This is not your parents insurance" he adds, although many parents will choose this plan for its great benefits and price.