For information regarding underlying investment expenses, earnings, and distributions, see the applicable investment prospectus and other publicly available information. Alegeus Technologies is a leader in the consumer-directed account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. Because you never pay taxes on earnings or withdrawals for qualified medical expenses! She did not inform me that when I had my account closed and moved to Fidelity, which was finalized on April 10th, I would be charged an additional $25 for absolutely no reason. As a result, your employees HSAs will be migrated to our new WealthCare Saver HSA product. Independence Edge - WhatCounts The WealthCare Saver HSA experience guides consumers to make better healthcare decisions. WealthCare HSA Transition Site - Navia Once the conversion is complete on November 4th, funds will be available after end-of-day processing, typically by 7pm CT. Account holders can use their existing card for all carded accounts with Navia, including their WealthCare Saver HSA funds. Investments - WealthCare By leveraging our best-in-class technology and their industry-leading service and solutions, Alegeus clients are realizing the highest customer satisfaction (NPS) scores in the industry nearly +50 points higher than our closest competitors. In the midst of this race to zero, the WealthCare Saver HSA offers a truly different approach one that will fuel your business growth while providing more for account holders. Start Your Free Trial Their account history will remain intact leading up to and following the transition. Enter your Employee ID. endstream endobj startxref Please note the following: Your administrator must create an account for you prior to your first login. Alegeus | SaaS-based benefit funding and payment solutions *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Alegeus is headquartered in Waltham, Mass., with operations centers in Orlando and Bangalore, and a large remote workforce. When will funds be available after the transition? Copyright 2023 WealthCare. For a weekend, a week or longer, Bourgogne-Franche-Comt is a region on a human scale that brings together nature and culture and exercises the head, the taste buds and the legs. Your HSA is a powerful investment vehicle and can help you better prepare for your future. Yes, approximately 30 days prior to March 13, 2021, Alegeus will send a notification by mail to accountholders who have an account custodied by PNC Bank as of approximately January 15, 2021 notifying them of the change in custodian. The health savings account (HSA) market has become increasingly complex and competitive in recent years. Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. No, there will be no funds inaccessibility window to facilitate the custodial transition. Please enable javascript to improve your viewing experience. 2021 Independence Blue Cross. Want your HSA money to make you money? We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. If you've forgotten your password, please contact your designated Administrator to have your account password reset. Built by a deeply knowledgeable HSA and investment product team and powered by an API-driven, cloud-based brokerage platform the investment solution features auto-rebalancing, on-demand investment statements, historical performance of available funds, and an impressive investment stack: The WealthCare Saver HSA experience lives within a single platform for a seamless user experience. 'Burgundy-Free County', sometimes abbreviated BFC; Arpitan: Borgogne-Franche-Comtt) is a region in Eastern France created by the 2014 territorial reform of French regions, from a merger of Burgundy and Franche-Comt.The new region came into existence on 1 January 2016, after the regional elections of . Were proud to offer the industrys most innovative healthcare payments platform, providing essential spending, saving and investing capabilities. Alegeus WealthCare Admin. We never compete with our clients in the market we win when they win. WealthCare | Health Savings Accounts (HSA) for a healthy future Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. We are excited to welcome Melanie to Alegeus. WealthCare Saver is a dba of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, non-bank passive trustee operating as the custodian of health savings accounts. Check out our latest resources and actionable insights. Market leadership and scale Before we get any deeper, its important we define and clarify the difference in what a custodian is versus, what a depository is responsible for. This is a legal change to the HSA custodian with minimal employee-facing impact, other than communications. This would represent a major blow to all employees who made what they believed to be valid pre-tax contributions to their FSA or DCFSA. As a matter of policy, BBB does not endorse any product, service or business. Melanie Hallenbeck is Chief Growth Officer at Alegeus, leading the company's go-to-market strategy. WealthCare Saver will become the authorized, nonbank trustee responsible for managing the funds in an HSA account on March13. Avidia Bank, the current custodian of your Health Savings Accounts (HSAs) with Navia, is reducing the HSA portion of its business. You may close this window or login again. Why? Will this change require a new service contract or amendment? As the leading provider of SaaS-based benefit funding and payment solutions, we focus on the specific needs of our partners whether you want to deliver standalone account offerings or embed accounts and cards into your total solution. WealthCare Saver | We Know HSAs Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. All you need is an HSA cash account balance of $500. WealthCare Saver is Anthem's New HSA Custodian January 8, 2021 / in Anthem, Carrier, Employee Benefits / by Cornerstone On March 13, 2021, WealthCare Saver will replace PNC Bank as the custodian of the HSAs for: Current Anthem members who are actively enrolled in an HSA-compatible health plan. Again, this helps demonstrate why your employers should want to work with a compliant administrator, lest they invalidate their entire plan. European Teaching Rankings 2018. The new capability greatly simplifies the complexity of open enrollment for participants and administrators. No, the online and digital experiences will not change. Our client partners are at the center of everything we do. Consumers will have two ways to save HSA funds. All rights reserved. Independence Blue Cross offers products through its subsidiaries Independence Hospital Indemnity Plan, Keystone Health Plan East and QCC Insurance Company, and with Highmark Blue Shieldindependent licensees of the Blue Cross and Blue Shield Association. CapFinancial Partners, LLC ("CAPTRUST") is an investment adviser registered under the Investment Advisers Act of 1940. Current This content is restricted to site members. Managing your benefit account (s). This ID was assigned by your Administrator and could be your Health Plan Member Number, Social Security Number . I expressed that I was frustrated and would be closing my account, and the representative simply wished that I would continue business with them as she ended the call. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. All rights reserved. Better Business Bureau in Eastern MA, ME, RI & VT. BBB reports on known marketplace practices. hb```c``@(a?PIN k5p,QtsG1N*'"vvz\F9` ~7!H AKJAxe3051103^dd`X|.4:@33ndf,P4.@ @\f@VH-g4#m mS)`.%vN2MM;ZN Registered in all 50 U.S. states. https://wealthcare.wealthcareportal.com/Page/PrivacyPolicy. Franche-Comt , historical region and former rgion of France. 578 0 obj <>/Filter/FlateDecode/ID[<1F87C3843737B64DAA188332D0B2F9AB>]/Index[527 100]/Info 526 0 R/Length 161/Prev 215589/Root 528 0 R/Size 627/Type/XRef/W[1 3 1]>>stream The Chief Counsel memo reiterates that FSA administrators must have a system in place to substantiate expenses and must deny reimbursement for any expenses that are not properly documented. Accountholders have the option to close and/or transfer any existing balance to another HSA custodian. Thank you for using WealthCare Administration System. Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer Learn More Smart With our SMART Account functionality, discover ways to stretch your healthcare dollars in real time. Self-Service Portal Sign In - WealthCare Admin Read about trends and forces shaping the benefits landscape. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. Published on May 1st, 2023. Investments funds will automatically be liquidated on October 24th. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. On March 13, 2021, WealthCare Saver a private-label HSA solution that is fully-integrated with our platform and is an IRS-authorized non-bank trustee will become the non-bank trustee of health savings accounts. Were announcing an update regarding the custodian of your employees HSAs. There will be no impact on day-to-day account usage: Summary: The transition simply entails a legal change in the custodial entity and the employee notifications required by existing custodial agreements. As previously stated, this is a legal change to the HSA custodian. This memo serves to reinforce the importance of operating within the rules and helps you demonstrate to customers that youre not imposing undue scrutiny, but simply helping them to remain compliant. WealthCare Saver is Anthem's New HSA Custodian Read about trends and forces shaping the benefits landscape. What do you think? Through the Wealthcare Saver HSA, they will have the ability to reinvest those funds on November 4, Account holders that contribute outside of payroll, or otherwise have their HSA routing and account number on file for transfer or bill pay arrangements, will need to update their information with their new routing and account number for their WealthCare Saver HSA. Attorney and policy expert Jason Lacey shares strategies for benefits professionals to remain compliant while helping employers support their impacted employees. Alegeus WealthCare Admin Learn how Alegeus can help you unlock the full potential of your account-based programs through our flexible solutions, continuous innovation and collaborative partnership model. Participant Portal - WealthCare Admin I also can't see how a functioning business can claim they will follow up on inquiries, only to fail to do so repeatedly.At this point the only thing I want is the fees reversed and the original total of $83.32 transferred to my Fidelity account. The companys strong and experienced team, coupled with its innovative solutions and unique white label model, delivers partnersfrom administrators to health plansa powerful value proposition and I look forward to positioning them for continued success.. In March 2022 my HSA was transferred to WealthCare after I changed jobs. Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. With WealthCare, access your latest account information at your fingertips. Administrator View customer accounts Employer View company and employee accounts Participant View account activity and balances Partner User View Partner user accounts The Find Care feature allows consumers to search for in-network procedures, facilities and doctors with associated cost and quality information, and the Opportunities feed provides personalized actions and suggestions for smarter healthcare spending decisions. Over 15 million American families carry our health spending debit cards. Alegeus has the only HSA in the market with a new, modern investment experience. Along a rushing river, on the shaded esplanade of a Roman basilica or on the urban quay sides of a bustling city; at the summit of a mountainous ridge, on a path . CAPTRUST acts as investment advisor with respect to the investments available in your HSA. 151-200th. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Need to find a different location? News about Employer and Consumer Business. And our unique partnership model empowers our clients to achieve outsized results growing their programs at a rate that is 3-4X the market, and with the highest net promoter scores (NPS) in the industry. All Rights Reserved. On April 28, 2023, the Internal Revenue Service (IRS) released a Chief Counsel memorandum reiterating the substantiation requirements included in proposed IRS regulations for health flexible spending arrangements (health FSAs) and dependent care flexible spending arrangement (DCFSA). Helping clients win in a rapidly changing marketplace with the industrys largest and most comprehensive consumer healthcare funding platform. We deliver exceptional user experiences and differentiated capabilities that help our partners strengthen their product offerings, operate more efficiently, and unlock their full growth potential. WealthCare Savers Investment Solutions Flyer, WealthCare Savers Investment Solutions FAQ, Avidia Legal Account Holder Notifications, Scheduled Health Reimbursement Arrangement (HRA), https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. There are also no spending freezes associated with this transition. Ms. Nicole Gardner, Senior Director Compliance. *WealthCare Saver is a dba of Alegeus . Custodians typically perform functions such as producing required tax reporting, providing required account disclosures or communications, and establishing customer identification processes. Our highly flexible, white-label platform powers HSAs, FSAs, COBRA, lifestyle benefits and beyond delivering exceptional user experiences and differentiated capabilities that help you compete and win. 32, Avenue de l'Observatoire, BESANCON, 25000, France. BBB Business Profiles may not be reproduced for sales or promotional purposes. Accountholders may continue to use their online accounts and user credentials. Melanie Hallenbeck | Alegeus Read about trends and forces shaping the benefits landscape. Following these rules helps ensure compliance and reduces the risk of audits and penalties. Bourgogne-Franche-Comt - Wikipedia Alegeus is uniquely positioned to drive your future success Our innovative solutions deliver tangible value for you, your customers and members - delivering flexibility to design and deploy a truly differentiated product experiences that will delight your customers and achieve your business goals. 0 Overview. However, the memo serves as a reminder to FSA administrators about the importance of proper documentation for expenses claimed through FSAs. Please enable javascript to improve your viewing experience. Review any internal documents or links you may have that reference Avidia. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. The blackout is a period of time that employees will not be able to access their Avidia HSA Balance accounts while we are transitioning it to the WealthCare Saver HSA. Our product and market experts share the top five trends anticipated to drive the healthcare and benefits space this year. WealthCare | Health Savings Accounts (HSA) for a healthy future The WealthCare Platform Accessible With WealthCare, access your latest account information at your fingertips. I acknowledge that I have read and understood the terms and conditions applicable to a distribution, as set forth . At WealthCare Savers request, PNC has agreed to resign as the custodian of your HSA and assign WealthCare Saver the successor custodian. Melanie will play an integral role in helping partners to achieve sustained growth through our unique partner-powered business model fueled by her extensive industry expertise, her intimate knowledge of our partners businesses, and her deep experience in driving go-to-market strategies for account-based benefit programs., I have long admired Alegeus, both as a client and as a market player in consumer-directed healthcare, said Hallenbeck. I called once again on the 10th to ask why this fee was charged without informing me and was told that it would be looked into and I'd hear back on April 12th, which has also not happened.So I am left with a mere $14.92 out of a contributed $83.32 to my HSA. Account APIs Manage all participant accounts, including adding/deleting employees, resetting passwords, and updating participant contact information.