(1888PressRelease)
January 09, 2008 - We’re continuously researching and developing plans and services that advance health, ensure a personalized experience, and maximize health care investments for employers and their employees. Recent consumer research from Exante Financial Services identified three consumer behaviors: spenders, savers and investors. We’re taking consumer-driven health plans (CDHPs) to the next level. We’re diverging from the one-size-fits-all health savings account (HSA), to an innovative approach that allows members to closely match a HSA to their own unique health care spending, saving pattern, and overall financial philosophy.
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Available January 1, 2008, the new HSAs provide more consumer choices and allow us to design simpler, more personally relevant programs that maximize the health care investments of employers and their employees.
New HSA Options
With varying levels of monthly maintenance fees, interest rates, investment options and a broad range of mutual funds (currently eight) that cover the spectrum of risk and reward, the new HSAs offer more consumer choices.
• Health eAccess HSA – designed for health care spenders who do not carry a large balance in their HSAs, and may prefer a basic account with easy access to funds and a lower monthly maintenance fee (waived if the balance is $500 or higher).
• Health eSaver HSA – designed for health care savers who carry higher balances in their HSAs, to take advantage of higher interest rates and complimentary investment options. This account carries more competitive interest rates, depending on the account balance, and maintains free access to investments if the balance exceeds $2,000.
• Health eInvestor HSA – designed for consumers interested in maximizing the long-term savings potential of their HSA for future health care expenses, and who primarily use the account for investing purposes. For an additional fee, they may begin investing when their balance exceeds $500.
Sales Material
A new informational investment flier will be available on United eServices® in the next couple of weeks.
For more information about UnitedHealthcare DefinitySM HSA options, contact your Jim Parker @ jmpfinancial ( @ ) comcast dot net
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