MyHealthFunds Appoints Sherman Swafford to Business Development Team

MyHealthFunds is pleased to announce that Sherman Swafford has joined its business development team. Swafford was previously the business relations team lead at the Pikes Peak Work Force Center in Colorado Springs. MyHealthFunds selected Colorado Springs for its Corporate Headquarters in 2007 and expects to hire 200 employees as the firm expands.

Colorado Springs, CO, July 04, 2008 --(PR.com)-- MyHealthFunds today announced the appointment of Sherman Swafford as sales executive responsible for marketing the firm’s Health Savings Accounts (HSAs) and related administration, member advocacy services and Mayo wellness programs. Swafford will work with group health insurance brokers throughout Colorado and the U.S. who market high deductible healthcare plans (HDHPs).

The combination of HDHPs and HSAs provide employers with effective short- and long-term strategies for containing healthcare costs for employee benefits programs. Employer and employees both benefit from the tax-favored features of HSAs and the financial protection provided by the health insurance plan. Funds not used in the HSA at the end of the year rollover to the next year and accrue interest.

Swafford was previously a business relations team leader at the Pikes Peak Work Force Center. “MyHealthFunds is very fortunate to add the quality and expertise that Sherman brings to our business,” said Rich Elfenbein, vice president of business development for MyHealthFunds. “Sherman’s years of business leadership, coupled with his direct involvement with professionals, businesses and communities throughout Colorado, will help MyHealthFunds excel at meeting the needs of employer groups and group health brokers in Colorado Springs, Denver and beyond.”

MyHealthFunds serves its broker partners through vital support services, streamlined enrollment and enrollment assistance, and post-enrollment quality control. The employer groups MyHealthFunds serves benefit from personalized attention and responsive customer service sometimes lacking with large financial institutions.

“We see ourselves as key partners with health insurance brokers and their clients,” said Elfenbein. “Our HSA product and the services we offer have received an overwhelming response from brokers and employers alike. We are looking forward to continued growth and success.”

About MyHealthFunds, Inc.
MyHealthFunds, Inc. serves employers by working with group insurance brokers to implement successful, cost effective employee health benefits plans with tax-advantaged Health Savings Accounts, member services and wellness programs. MyHealthFunds uses a proprietary consumer directed healthcare (CDHC) service platform to deliver expert, full-service HSA administration, support services (payment and billing, claims, provider referrals, resources and more) and wellness. MyHealthFunds members benefit from a comprehensive employee education program that helps ensure the success of the CDHC program and empowers the employee to become an active participant in his or her own health management program. This includes pre-enrollment education and communication, onsite enrollment assistance, and access to a dedicated member care support team. MyHealthFunds, Inc. is a Delaware corporation.

For more information about MyHealthFunds, Inc., please visit their website at www.myhealthfunds.com, call 800-797-0242 or email info@myhealthfunds.com.

Media Contact:
Pamela Whiting
Marketing Director
MyHealthFunds, Inc.
www.myhealthfunds.com
Phone: 800-797-0242
Fax: 719-268-0598
pamela.whiting@myhealthfunds.com

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MyHealthFunds, Inc.
Pamela Whiting
800-797-0242
www.myhealthfunds.com
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