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| HSA Clearing News |
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Friday, 06 March 2009
HSA Clearing Corp announces Costa Rican Medical Care
Lake Geneva, WI—March 2, 2009--HSA Clearing Corp. the leading provider of Health Savings Account educational services to financial institutions, employee benefit companies and health agents, is announcing a new division, Costa Rican Medical Care. The new division will provide medical tourism services specializing in only Costa Rica.
Working with the finest private hospitals and physicians in Costa Rica, Costa Rican Medical Care will help people save hundreds if not thousands of dollars on certain medical care procedures. According to a recent study by the Deloitte Center for Health Solutions, the number of U.S. residents traveling across borders for medical care is expected to increase 700% -- from 750,000 in 2007 to 6 million in 2010. With health care costs skyrocketing out of control in the United States, medical tourism has become a very attractive option for cost-conscious consumers seeking quality care at an affordable price. While many medical tourism providers are recommending travel half-way around the world to places like India and Singapore (twelve time zones away), Costa Rican Medical Care is focusing only on the excellent care available in Costa Rica, a beautiful, friendly country much closer to home and in the Central Time Zone. Costa Rica has the competitive advantage of geography, a stable economic and political system and an international reputation for the quality of its health care system
“Educating people on ways to save on health care has always been our main goal, and now more than ever, people need help. There are millions of people who have to pay hard-earned money out of their own pocket. Some have a Consumer Driven Health Plan or an HSA, and some simply have no insurance at all.” said Tim Morales President of HSA Clearing Corp.
“Many of our banking customers are self-insured. Having a cost-efficient alternative to high cost care in the States will mean lowering costs for these institutions. For example, a hip replacement can cost as much as $70,000 in the US. However, the same procedure in Costa Rica, including all tests, surgery, physician costs, rehabilitation, and follow-up care in the U.S., travel, lodging and meals in Costa Rica can run about $15,000 -- all costs included”
Costa Rican Medical Care program is simple and stress-free. We provide the consumer with answers to their questions and let them know the approximate cost of their total trip. Patients (and their companions, if applicable) are picked up at the airport by an English-speaking guide. Hotel accommodations are carefully selected to provide convenience to the patient. The guide will accompany the patient to and from the doctor appointments. Following the surgery and recovery, our counselors will arrange for any further rehab or care that might be needed, and contract with an in-home service in the U.S. to provide further care if needed.
Our people in Costa Rica have been providing these services for many years to people from around the world. Their facilities are modern and patient care is state-of-the-art. Most physicians are trained U.S. trained and use the latest available technology and equipment. Both the medical and tourism staff speaks excellent English.
“With the thousands of health agents, employee benefit firms and customers of our HSA bank and credit union network across the country, offering Costa Rican Medical Care will help many people get and stay healthy and save money at the same time”, Morales continued. “You would be surprised by the growing number of insurance companies that work with many of these providers and we hope to introduce more.”
Sampling of Costa Rican Medical Care Services
Bariatric Surgery, Angioplasty, Heart By-Pass, Hip and Knee Replacement, Ophthalmology and Medical Check Ups, Dental Surgery and Care, Cosmetic and Plastic Surgery, are some of the many healthcare services we can recommend.
For more information on providing or using Costa Rican Medical Care services, visit their website at www.costaricanmedicalcare.com or call 262-348-1300.
Thursday, 23 October 2008
"We always like to work with banks with strong roots in the community. A Health Savings Account should be handled locally. Consumers should be able to have all their bank accounts under the same roof and keep their money in the community. That's why we are proud to be working with the Guilford Savings Bank. They understand this and have the people in place to offer a very successful HSA program," President of HSA Clearing Corp, Tim Morales said.
Lake Geneva, WI (PRWEB) October 23, 2008 -- Guilford Savings Bank, with $461 million dollars in assets and seven-branch relationship bank, has signed with HSA Clearing Corp to roll out a complete Health Savings Account program.
The Guilford Savings Bank has been serving the financial needs on the Connecticut shoreline for over 130 years. Launching their Health Savings Account program is the next step in their outstanding commitment to their customers.
"We always like to work with banks with strong roots in the community. A Health Savings Account should be handled locally. Consumers should be able to have all their bank accounts under the same roof and keep their money in the community. That's why we are proud to be working with the Guilford Savings Bank. They understand this and have the people in place to offer a very successful HSA program," President of HSA Clearing Corp, Tim Morales said.
"Many of our customers have had questions about Health Savings Accounts as health care costs have risen. With our new website (http://gsbyourbankhsa.com) dedicated to HSAs we are now able to offer a complete educational program to help our customers find out if a Health Savings Account is right for them and open one for them timely and hassle-free." Renee Pallenberg, Vice President, said, "Providing education and excellent customer service are very important to us with a product such as HSAs, and that's why we are glad to have partnered with HSA Clearing Corp who hold those same values."
For more information on Guilford Savings Bank and their HSA program, contact them at 203-453-2721 or http://gsbyourbankhsa.com
About HSA Clearing Corp: HSA Clearing Corp offers financial institutions a complete turnkey HSA setup program, including marketing assistance and training. For more information on how your bank or credit union could be offering the new Health Savings Accounts to your customers, contact Tim Morales at 866-HSA-4721, or visit http://hsaclearing.com
Monday, 06 October 2008
Lake Geneva, WI (PRWEB) October 6, 2008 -- R. C. Olmstead, a leading core processor to credit unions across the country for over 30 years, has signed with HSA Clearing Corp to offer its educational and marketing and customer service components to credit unions offering Health Savings Accounts to their members.
"R.C. Olmstead recently added the back office solution to our core product to handle Health Savings Accounts", said Tom Leib, Director of Sales and Marketing for R.C Olmstead. "We really want our credit unions to be truly successful in developing their HSA programs and to do so they need to add the additional HSA tools offered by HSA Clearing Corp. We are excited to be able to work with Roy Ramthun and his team at HSA Clearing Corp. No one in the country provides the knowledge of the HSA program that they offer."
Once the credit union contracts with HSA Clearing Corp, they will provide each credit union with a complete branded HSA website, all HSA forms, marketing assistance and training for the credit unions staff. Members will receive access to Roy Ramthun's e-book The Common Sense Guide to Health Savings Accounts.
"We are happy to be working with R.C. Olmstead's credit unions to provide them with the tools they need to offer a complete HSA program. Education is the key to offering a successful HSA program and that is what we bring to the table", said Tim Morales President of HSA Clearing Corp. "Our clients both large and small are opening and rolling over Health Savings Accounts as their employer groups and individuals are finding out that they have a choice where they can open their HSA."
R.C. Olmstead was established 30 years ago and is headquartered in Dublin, Ohio. R.C. Olmstead provides the premier data processing system used in the credit union industry today. Their clients range in size from small credit unions situated in a corner of a factory to large associations with multiple branches. They vary in asset size from $1 million to more than $250 million, serving a wide range of credit union communities.
HSA Clearing Corp offers turnkey solutions for financial institutions nationwide to initiate and administrate Health Savings Accounts. For more information on their HSA program, or the other benefits of using HSA Clearing Corp, please call 262-348-1300 or visit the website at www.hsaclearing.com.
Tuesday, 30 September 2008
Lake Geneva, WI (PRWEB) September 30, 2008 -- HSA Clearing Corp SVP Roy Ramthun, "Mr. HSA," will be hosting an HSA webinar on Friday, October 3rd at 12:00 noon ET (11:00 am CT, 10:00 am MT, 9:00 am PT) to explain the most recent IRS guidance on Health Savings Accounts (HSAs) (Notice 2008-59). This webinar will last 90 minutes.
"This is the last opportunity to attend the HSA 'Grab Bag' webinar," said Tim Morales President of HSA Clearing Corp. "It has been very well received the past few months and many people have found the webinar informative. No one explains the HSA program better than Roy."
Over 40 new frequently asked questions and answers that cover a wide range of topics, including:
Subjects Covered:
Who is considered an eligible individual?
What plans qualify as a high deductible health plan (HDHP)?
What are the limits for contributions?
What types of expenses can be considered qualified medical expense for HSA purposes?
What is a prohibited transaction?
When is an HSA considered "established?"
How are HSA administration and maintenance fees treated when paid with HSA funds?
The webinar will provide an opportunity for Q&A.
Who Should Attend?
Insurance Agents, Employee Benefit Providers, TPAs, Financial Planners, CPA's, tax preparers, Stock Brokers, HR personnel, Insurance Providers, banks, credit unions, and anyone with an HSA.
The cost of the webinar is only $95.
You may sign up at the following websites: www.HSAEd.com, www.HSAseminar.com and www.HSAClearing.com
Wednesday, 17 September 2008
Lake Geneva, WI (PRWEB) September 17, 2008 -- Founders Bank, with over $1 billion in assets and 11 locations throughout the Chicagoland area, has signed with HSA Clearing Corp to add more educational materials and features to their already successful Health Savings Account program.
"As more and more of our customers are switching to the new consumer directed health plans, we know it is essential to offer an educational Health Savings Account website where they will be able to find answers to their questions, as well as tips on using Health Savings Accounts to their fullest advantage" said Helen Socha, Executive Vice President and Chief Operating Officer. "Working with HSA Clearing Corp, our new HSA website, www.Foundersbankhsa.com, has been designed with up-to-date answers to consumer questions regarding HSAs."
"Founders Bank sees the future of the HSA program and the need for HSA educational tools. These are the key to offering a successful HSA program and that is what HSA Clearing brings to the table", said Tim Morales, President of HSA Clearing Corp. "We are happy to be working with Founders Bank as we have always believed that HSAs should be opened locally. This allows banking customers to keep all their bank accounts under one roof, and the HSA money stays in the local community. With Founders Bank's no- fee HSA program and these new educational HSA tools, they will continue to be a leader in their market."
About Founders Bank:
Founders Bank offers a free Health Savings Account program with no monthly or annual fees. For more information visit their HSA website at www.foundersbankhsa.com
About HSA Clearing:
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 how your bank or credit union could be offering the new Health Savings Accounts to its customers, contact HSA Clearing at 262-348-1300, or visit www.HSAClearing.com
Monday, 07 July 2008
Lake Geneva, WI (PRWEB) July 7, 2008 -- HSA Clearing Corp, the nation's leading provider of a complete turn-key Health Savings Account solution for financial institutions, announces it will be presenting at the National Association of Federal Credit Unions 41st Annual Conference in San Diego.
"HSA Clearing Corp is proud to attend this conference which will give us a chance to expand the number of credit unions using our proven turn-key HSA program," said Tim Morales, President of HSA Clearing Corp. "We show our clients how to use the tools they already have without having to purchase costly software programs, and we have them offering HSAs in a mater of days. Developing an HSA program is the fastest way for credit unions to add new members and build their deposit base. With our HSA marketing plan it is easy to start opening accounts quickly."
HSA Clearing Corp will detail:
- How easy it is to have their Credit Union set up in just a few days to offer HSAs to their members
- What are the credit unions' responsibilities if they offer HSAs
- What is the credit union's ROI
- Why credit unions need to have their HSA programs ready to go by the fall
- Why there is a difference in where you receive your HSA information and why a number of providers are doing it wrong
A recent study by America's Health Insurance Plans (AHIP) of U.S. health insurance carriers shows that the number of people covered by HSA-qualified health insurance plans totaled 6.1 million in January 2008. This report shows that the HSA program is working and growing across the country. Offering Health Savings Accounts provides an excellent opportunity for credit unions to capture part of this growing market.
For more information visit www.hsacreditunion.com or call HSA Clearing Corp at 262-348-1300
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 program or upgrading a current HSA program contact HSA Clearing Corp at 262-348-1300, or visit www.HSAClearing.com.
Thursday, 05 June 2008
Lake Geneva, WI (PRWEB) June 5, 2008 -- Roy Ramthun, "Mr. HSA," has released an updated version of his free eBook entitled, "The Common Sense Guide to Health Savings Accounts: What You Need to Know about High Deductible Health Plans and Health Savings Accounts."
This guide is intended to help individuals, families and employers better understand Health Savings Accounts, how the HSA-qualified health plans that make people eligible for Health Savings Accounts compare to traditional health insurance, and how to determine whether a Health Savings Account is right for you. A worksheet is included to help people compare the financial features of the HSA to a traditional policy.
The guide examines the finer details of HSA accounts and the health insurance policies that accompany them. In each section, a "Buyer's Guide" provides advice, reminders, and things to consider when examining a Health Savings Account. The "Buyer's Guide" is intended to provide additional insight into the finer details of Health Savings Accounts and how they work.
Additional help is provided through answers to frequently asked questions, definitions of terms that are commonly used with Health Savings Accounts, and a description of additional resources available through the Internet.
Mr. Ramthun is the former White House health care adviser who also led the U.S. Treasury Departments implementation of the Health Savings Account program in 2004. "Since the beginning, anytime we have had any questions concerning HSAs that we could not answer, be it from an individual, health agent, employer or one of our financial institution clients, we have always turned to Roy. While some others are claiming to be "experts" in this field only Roy brings the experience and knowledge of the insurance industry and the U.S. Treasury Department to the table", said Tim Morales of HSA Clearing Corp. "Roy's Common Sense Guide helps get the proper information out so people can determine which health plan is right for their situation".
You may download a free copy of The Common Sense Guide to Health Savings Accounts at HSAed.com -- America's #1 Educational Resource for Health Savings Accounts -- www.hsaed.com or at HSA Clearing Corp's website www.hsaclearing.com.
Roy Ramthun is President of HSA Consulting Services, LLC (www.hsaconsultingservices.com), a health care consulting firm specializing in Health Savings Accounts and consumer-driven health care issues. Mr. Ramthun is also SVP of HSA Clearing Corp which offers turnkey solutions for financial institutions nationwide to initiate and administrate HSA accounts. For more information please call 262-348-1300 or visit their website at www.hsaclearing.com.
Thursday, 17 April 2008
Lake Geneva, WI (PRWEB) April 17, 2008 -- HSA Clearing Corp, the leading Health Savings Account setup provider for financial institutions, is now projecting the 2009 amounts for HSAs. "With yesterday's release of the March inflation figures by the Bureau of Labor Statistics, the inflation-adjusted amounts for health savings accounts (HSAs) for 2009 are now known," says Roy Ramthun, Senior Vice President of HSA Clearing Corp. "With all the data points available, we can now state that the 2009 HSA numbers are as we predicted last month."
Because of the enactment of the Tax Relief and Health Care Act of 2006 (P.L. 109-432), the data period for calculating the inflation adjustments has moved forward five months. The U.S. Treasury Department is required to publish the inflation-adjusted amounts for the upcoming year for HSAs by June 1 each year.
Ramthun predicts that the maximum HSA contribution (not including catch-up contributions) will increase for individuals with self-only coverage and for those with family coverage in 2009
If you would like to receive these 2009 HSA projections, you may sign up on the HSA Clearing Corp website at www.hsaclearing.com/2009_hsa_numbers
Ramthun also predicts that changes will be forthcoming for the HSA-qualified insurance plans as well. For insurance plans offering HSA-qualified high deductible health plans, Ramthun says "Most insurance carriers will need to make changes to their deductibles and out-of-pocket limits for 2009," Ramthun says. "Companies can begin to finalize their 2009 plans, even though the official inflation adjusted amounts for HSAs will not be published until later this Spring," says Ramthun.
Ramthun also reminds all individuals with HSA-qualified policies to make sure that their policies will still be HSA-qualified for 2009.
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. HSA Clearing Corp offers a full line of investment options for financial institutions using brokersXpress and HSA Financial. For more information contact them at 262-348-1300 or visit www.HSAClearing.com.
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