benefitsCONNECT® Announces Real-Time Integration with First Horizon Msaver HSAs
Integration provides brokers with a solution that more efficiently serves the needs of large employer groups by incorporating self-service benefits enrollment for HSA-qualified health plans, along with an application to open the corresponding HSA.
Elk Grove, CA, June 08, 2011 --(PR.com)-- benefitsCONNECT®, a leading provider of web-based software applications for the health and benefits industry, announces the real-time integration of benefitsCONNECT® with First Horizon Msaver, Inc. benefitsCONNECT® is a web-based benefits enrollment and administration system that provides one-stop benefits management and fully automated EDI connectivity among employer groups, insurance carriers, TPAs, payroll vendors, and brokers. With a few clicks, employees who enroll in any carrier’s HSA-qualified health plan can now seamlessly apply to open a First Horizon Health Savings Account (HSA)—from within benefitsCONNECT®.
“We are pleased to team up with First Horizon Msaver to help facilitate an employee self-service process that not only streamlines the opening of HSAs, but also reduces the administrative burden for employer groups and their brokers,” says Troy R. Underwood, CEO of benefitsCONNECT®. “We expect HSA-qualified health plans to become a much bigger part of employee benefit offerings and this relationship with one of the country’s premier HSA custodians extends the functionality of benefitsCONNECT®.”
“We recognize that more and more employers are moving to web-based benefits administration systems and are pleased to create a connection between First Horizon Msaver’s HSA application process and benefitsCONNECT®,” said E. Craig Keohan, president of First Horizon Msaver. “Many employees who choose an HSA-qualified health plan never open an HSA, and they fail to realize the full advantage these types of plans offer. By making it easier for employees to open an HSA, more employees will be able to save tax-free dollars for their healthcare expenses.”
The benefitsCONNECT® system enables brokers to upgrade their employee groups to a powerful, streamlined, web-based enrollment and administration system that reduces HR labor costs and provides a barrier-to-entry for competing brokers.
About Transcend Technologies Group, Inc.
Founded in 2001, Transcend Technologies Group, Inc. (dba benefitsCONNECT®) is a privately held company that specializes in Web-based software applications for the health and benefits industry. Transcend has established clients in 43 states who entrust their book of business to benefitsCONNECT®. For additional information, visit www.benefitsCONNECT.net, or contact Sales at 916-421-4000 or sales at sales@benefitsCONNECT.net.
About First Horizon Msaver
First Horizon Msaver Inc. is a leader in the servicing of Health Savings Accounts (HSAs) and is a member of the First Horizon National Corp. family of companies. With first-to-market technology like electronic enrollment, banking online, online bill pay, investment options and a dedicated HSA customer care center, First Horizon Msaver is helping thousands of Americans get the most out of their tax-favored HSAs. First Horizon companies have been recognized as some of the nation's best employers by AARP and Working Mother. First Horizon also was named one of the nation's 100 best corporate citizens by CRO magazine. More information can be found at www.firsthorizonmsaver.com.
Contact:
First Horizon Msaver Inc.
Martin Trussell
913-317-2085
First Horizon National Corp.
Media Relations
Lizzy Haymond
901-523-4291
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“We are pleased to team up with First Horizon Msaver to help facilitate an employee self-service process that not only streamlines the opening of HSAs, but also reduces the administrative burden for employer groups and their brokers,” says Troy R. Underwood, CEO of benefitsCONNECT®. “We expect HSA-qualified health plans to become a much bigger part of employee benefit offerings and this relationship with one of the country’s premier HSA custodians extends the functionality of benefitsCONNECT®.”
“We recognize that more and more employers are moving to web-based benefits administration systems and are pleased to create a connection between First Horizon Msaver’s HSA application process and benefitsCONNECT®,” said E. Craig Keohan, president of First Horizon Msaver. “Many employees who choose an HSA-qualified health plan never open an HSA, and they fail to realize the full advantage these types of plans offer. By making it easier for employees to open an HSA, more employees will be able to save tax-free dollars for their healthcare expenses.”
The benefitsCONNECT® system enables brokers to upgrade their employee groups to a powerful, streamlined, web-based enrollment and administration system that reduces HR labor costs and provides a barrier-to-entry for competing brokers.
About Transcend Technologies Group, Inc.
Founded in 2001, Transcend Technologies Group, Inc. (dba benefitsCONNECT®) is a privately held company that specializes in Web-based software applications for the health and benefits industry. Transcend has established clients in 43 states who entrust their book of business to benefitsCONNECT®. For additional information, visit www.benefitsCONNECT.net, or contact Sales at 916-421-4000 or sales at sales@benefitsCONNECT.net.
About First Horizon Msaver
First Horizon Msaver Inc. is a leader in the servicing of Health Savings Accounts (HSAs) and is a member of the First Horizon National Corp. family of companies. With first-to-market technology like electronic enrollment, banking online, online bill pay, investment options and a dedicated HSA customer care center, First Horizon Msaver is helping thousands of Americans get the most out of their tax-favored HSAs. First Horizon companies have been recognized as some of the nation's best employers by AARP and Working Mother. First Horizon also was named one of the nation's 100 best corporate citizens by CRO magazine. More information can be found at www.firsthorizonmsaver.com.
Contact:
First Horizon Msaver Inc.
Martin Trussell
913-317-2085
First Horizon National Corp.
Media Relations
Lizzy Haymond
901-523-4291
###
Contact
Transcend Technologies Group, Inc., dba benefitsCONNECT
Alicia Carter
877-426-8750
www.benefitsconnect.net
Alicia Carter
877-426-8750
www.benefitsconnect.net
Contact
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