Reading, Pa.-based First HSA has contracted with a Draper, Utah, firm to serve as the custodian and payment transaction processor for 43,000 health savings account holders and on future accounts.
A Hunt Valley, Md., company that provides consumer-directed health account management solutions, was selected to administer the Maryland state employees’ Flexible Spending Accounts (FSAs).
A record percentage of workers took an active role in choosing their health care benefits during the open enrollment season for this plan year, but most chose to stick with the plans they had in place for last year, according to Hewitt Associates, a consultancy.
Three Maryland health insurance agent associations have joined to offer a certification course on consumer-directed health care (CDHC), providing valuable continuing education credits to agents and brokers throughout the mid-Atlantic.
The Third Party Administrator Alliance, representing many of the nation’s independently owned TPAs, has entered into a strategic partnership with ConnectYourCare, a provider of consumer-directed healthcare solutions.
Through the partnership, ConnectYourCare, … Read →
A Pennsylvania congresswoman is among several sponsors of a bill to include long-term care insurance in employer-sponsored cafeteria plans and flexible spending accounts that has been introduced in Congress.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.