HSA Clearing Corp Unveils Automated Enrollment Tool -- HSA e-Roller
"Once again HSA Clearing is bringing to the market a tool for financial institutions to capture HSA individual and group enrollments without having to purchase a costly platform. Financial institutions do not have to be currently working with HSA Clearing to take advantage of the HSA e-Roller. We can set it up with any bank or credit union currently offering HSAs in a couple of days,"
Lake Geneva, WI (PRWEB) October 21, 2008
HSA Clearing Corp, the leading provider offering financial institutions a complete turn - key HSA program, is rolling out their HSA e-Roller tool for banks and credit unions. The HSA e-Roller can process HSA applications for individuals and group enrollments.
"Once again HSA Clearing is bringing to the market a tool for financial institutions to capture HSA individual and group enrollments without having to purchase a costly platform. Financial institutions do not have to be currently working with HSA Clearing to take advantage of the HSA e-Roller. We can set it up with any bank or credit union currently offering HSAs in a couple of days," said Tim Morales, President of HSA Clearing Corp. "Once they are set up, the bank or credit union can pass on this tool to the agents and employee benefit companies that they work with. It is a win for everyone and helps keep the HSA funds in the local community."
Banks and Credit Unions can capture individual and group HSA enrollment without the hassle of paper forms. The HSA e-Roller can handle groups of any size. Employer and employee contribution funding can be set up with this tool, eliminating the need to send in checks. Brokers and agents can assist employers with HSA enrollment and monitor ongoing contributions. Employers can track employee sign-up and submission of ongoing contribution for HSA deposits. Employees can establish their HSA account at their convenience -- from work or home. After enrollment is complete, the files are sent to the financial institution.
"Some financial institutions think they need to start out with fancy and costly platforms only to find out later that there is no return on that investment. With the added fees and charges they have to pass on to their customers, they're finding that they are not opening the account volume to justify the expense, forcing some to quit offering HSAs," said Tim Morales.
"Banks and credit unions have all the tools they need to offer a great HSA program, and HSA Clearing shows them how to use them. If banks and credit unions keep the HSA deposits from their existing customers or members that are currently going out of their institution to other HSA providers, they're way ahead of the game," said Roy Ramthun, SVP of HSA Clearing.
About HSA Clearing Corp:
HSA Clearing Corp is the nationwide leader in setting up banks and credit unions to offer Health Savings Accounts/HSA with their turnkey HSA setup program, allowing the HSA monies to be deposited locally to better benefit the community. For more information on their cost effective HSA tools contact HSA Clearing Corp at 262-348-1300, or visit www. HSAClearing. com.
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