Money sent straight to the bank gets to your account faster. Who doesn’t like getting money faster? Effective immediately, we will no longer offer administration for HSA Bank accounts. Why? Because by sending the check directly to HSA Bank, the group gets its employees’ money in its employees’ accounts faster. On behalf of BlueCross, HSA Bank administers some health savings accounts (HSAs). HSA Bank is an independent company.
We will begin notifying affected groups of this change in July. HSA Bank will contact the groups directly beginning in August. Groups will have until January 1, 2012 to take the necessary steps. HSA Banks offers four ways to administer accounts:
We will be sending a flier and letter to groups.
If you have any questions, please contact your marketing representative.
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