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June 22, 2005
HSA Bank Offers Cost Management Option
HSA Bank is one of the more popular Health Savings Account Administrators used by our clients at HSA for America, primarily due to the many investment options they offer. Yesterday they announced a cost management option for their accountholders through a relationship with My Medical Control, a consumer-directed medical claim cost management company.
HSA Bank's accountholders can choose to have their medical bills reviewed after their health plan has processed their claims and before they pay the medical providers from their Health Savings Account. My Medical Control uses a pricing database to ensure that accountholders are paying the lowest, most competitive price for their medical treatment. When applicable, the My Medical Control staff will intervene directly with the provider and settle a claim.
With the cost management option, the accountholder does not directly pay the claim cost management service. Rather, My Medical Control receives a portion of the savings negotiated for the claim. By using this service, HSA Bank accountholders may save a substantial amount of money, at no risk or cost. We applaud HSA Bank for adding this benefit which will help further stretch your Health Savings Account dollar.
Posted by Wiley Long at June 22, 2005 09:37 AM