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Banks Optimistic HSAs Will Catch On
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Posted on: 7/2/2008
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Mentioned:
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The HSA business is growing at a healthy pace for banks nationally. Financial institution research and consulting firm Celent said recently that the number of bank HSA grew 73 percent and account balances increased by 140 percent between December 2006 and January 2008.
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IRS Issues Guidance On HSAs
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Posted on: 7/2/2008
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Mentioned: Wolters Kluwer
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The guidance includes over 40 questions and answers, grouped into the following categories: eligible individual, HDHPs, HSA contributions, HSA distributions, prohibited transactions, and establishing an HSA.
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Saving with a High-Deductible Plan While Still Covering Employees
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Posted on: 6/26/2008
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Mentioned: Source: Wall Street Journal
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Three years ago, entrepreneur Mark Galvin called an insurance company to find out what it would cost to cover employees at his new high-tech communications company. The answer -- an $1,800 monthly premium per employee for family coverage – sent him on a quest for a cheaper way.
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IRS Provides Guidances On HSA Issues
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Posted on: 6/26/2008
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Mentioned: Source: BusinessInsurance.com
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Internal Revenue Service guidance released Wednesday provides answers to many health savings account-related questions raised by employers and consultants.
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Treasury Department Releases New Guidance On Health Savings Accounts
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Posted on: 6/26/2008
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Mentioned: Source: U.S. Treasury Department
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The Treasury Department and the Internal Revenue Service today (06/25/2008) released Notice 2008-59, which provides employers and employees with a new set of formal questions and answers on Health Savings Accounts (HSAs).
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HSA Bank Announces Relationship With HCSC
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Posted on: 6/25/2008
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HSA Bank has formed an integrated relationship with Health Care Service Corporation (HCSC), the fourth largest health insurer in the country. The integrated relationship allows accountholders to access health plan and HSA information easier from one primary point of contact.
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Open Road
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Posted on: 6/24/2008
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Mentioned: Source: Bank Technology News
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Bankers have learned a thing or two about missed opportunities. Remember when 401(k)s first emerged? The conventional wisdom among bankers was they wouldn’t catch on with people accustomed to defined benefit plans. Fast forward to today's rise in consumer-driven health care.
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CVS/Pharmacy Can Track HSA/FSA Expenses
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Posted on: 6/20/2008
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CVS/pharmacy registers now provide shoppers with register receipts that highlight prescription medicines, over-the-counter remedies and other qualifying purchases so they can be easily identified and tracked with a special symbol indicating which items are HSA/FSA-eligible.
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Canopy Financial Releases Statistics On Health Savings Account Usage
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Posted on: 6/19/2008
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Canopy Financial announced today the release of its inaugural Health Savings Account (HSA) Market Report for Q1 2008. The report aggregates and tracks statistics related to actual HSA usage via a series of key market indicators and will be published quarterly.
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