FlexHSA(TM) allows brokers, employers, employees and individual consumers to learn about, implement and manage a health insurance plan and Health Savings Account through its website, www.flexhsa.com.
The website integrates and provides access to health benefits, banking services and investment options through one point of contact. Participants have the flexibility to choose their health benefits through multiple carrier relationships, banking services with debit card and checking capabilities, and investment options with traditional and alternative investments. Each of these FlexHSA(TM) interactions is driven through www.flexhsa.com.
"This online process simplifies the experience for all users and allows real-time activity management for the account holder once the HSA is established," said John DiVito, president of Flexible Benefit Service Corporation. "And through these experiences, FlexHSA(TM) - the complete HSA experience - culminates the concept of consumer-driven healthcare."
The delivery of banking and investments is accomplished through a unique Web-based application called Personal Cash Manager. It allows the account holder to access and manage banking and investment activity through one consolidated account. PCM offers online account information with available cash and portfolio valuation, transaction details for debit card and check usage, and an electronic trade execution feature with access to a wide variety of investment options.
HSAs became effective on January 1 as a part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, which was signed into law by President George W. Bush. This Act authorized HSAs for virtually anyone who has coverage under a high-deductible health plan. HSAs are trusts or custodial accounts used to pay for qualified medical expenses. They combine a savings account and an investment account with a high-deductible health plan, offering lower health insurance premiums with various tax advantages.
More information about FlexHSA(TM)is available at www.flexhsa.com or by calling 888-353-9472.
FlexHSA(TM) is a trademark of Flexible Benefit Service Corporation.
About Flexible Benefit Service Corporation:
Founded in August 1988, Flexible Benefit Service Corporation provides brokers, employers and individuals with affordable insurance plan designs and consumer-driven alternatives. The company is dedicated to finding solutions for rising healthcare costs and promoting the plans that offer premium relief. Flexible takes a defined contribution approach to health insurance and the carriers it represents continue to work toward that same goal. Through online technology and exceptional carrier relationships, Flexible is at the forefront of all the latest trends and key options in healthcare.
Marketing Manager
Flexible Benefit Service Corporation
Rosemont, IL, 60018
USA
847-699-6900 (x-4341) (phone)
847-699-6906 (fax)
nseverino@flexiblebenefit.com
www.flexiblebenefit.com
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