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May 29, 2009
Environmentally Friendly Health Savings Accounts
Canopy Financial has a Web-based Health Savings Account processing platform that has been adopted at almost half of the top 25 banks. They are now targeting another paperless evolution for health plans, third-party administrators, and institutions. Canopy has introduced a new Green Health Savings Account that now provides 100-percent paperless account handling, including account management, e-statements, enrollment, mobile alerts and online bill-pay.
To further its green appeal, their Health Savings Accounts promises to include access to mutual funds that invest exclusively in environmentally friendly companies, along with access to information on preferred environmentally conscious healthcare facilities and service providers. "Consumers increasingly view companies that offer sustainable products and services as preferred vendors," says Vik Kashyap, CEO of Canopy.
According to PayItGreen.org, paperless Health Savings Accounts could eliminate over 39 million pounds of wasted paper, save over 474,000 trees, and avoid release of over one billion pounds of greenhouse gas emissions annually.
Find a list of preferred HSA Administrators at HSA for America.
Posted by Wiley Long at May 29, 2009 03:01 PM