To support insurers initiatives in the health savings account (HSA) market, Portland, Ore.-based MyHealthBank is collaborating with HSA Bank, Howards Grove, Wis., to provide insurers with a highly integrated banking and technology offering for health savings account-based plans.Through this relationship, MyHealthBank will integrate technology from HSA Bank for health savings account banking transactions with MyHealthBanks Unify platform, a Web-based, self-service platform for broker quoting, member enrollment and benefits administration.
In addition to heath savings accounts and traditional bank account functions, such as checking and savings accounts, HSA Bank also offers brokerage investment services, through which consumers can invest their health savings account cash balances. This capability is a result of HAS Banks agreement with Fiserv Inc., a Brookfield, Wis.-based provider of information management systems and services to the financial industry.
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