Avidia Bank, the current custodian of your Health Savings Accounts (HSAs) with Navia, is reducing the HSA portion of its business. WealthCare Saver will become the authorized, nonbank trustee responsible for managing the funds in an HSA account on March13. With our SMART Account functionality, discover ways to stretch your healthcare dollars in real time. 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). There are also no spending freezes associated with this transition. I understand that I may consult a tax professional or legal counsel. In order to ensure our members are aware that WealthCare Saver will be administering their Independence HSA plans, members will be notified via mail at least 30days prior to the March13 effective date, as required. Customers and members do not need to take any action and there is no impact to members enrolled in a 2021HSA plan or how they interact with their benefit or access their health savingsaccount: WealthCare Saver is a d/b/a of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, nonbank, passive trustee operating as the custodian of HSAs. Franche-Comt , historical region and former rgion of France. Consumers will have two ways to save HSA funds. 0 Online account access does not change. All rights reserved. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. I called on March 24th, asked to have the fees reversed, and was given a reference number of ****** and told that I would be contacted in 1 to 3 business days.By April 3rd (more than 5 business days later), I had not received any contact whatsoever. 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. 1601 Trapelo Road | Main Building, Suite 301. Review any internal documents or links you may have that reference Avidia. Today, PNC serves as both the HSA custodian and depository. %%EOF Accountholders have the option to close and/or transfer any existing balance to another HSA custodian. No changes or impact to debit cards, online/mobile apps, bill payment, etc. Custodians typically perform functions such as producing required tax reporting, providing required account disclosures or communications, and establishing customer identification processes. Through our partnerships with the industrys largest health plans, TPAs, human capital management (HCM) and financial services solution providers, Alegeus reaches more than 100 million consumers. With the WealthCare platform, investing your HSA funds is as easy as 1, 2, 3! Alegeus recommends utilizing a different REST user configuration on a "per platform" basis. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. and will be executed in collaboration with OCA, the Administrator of your HSA. Want your HSA money to make you money? Alegeus WealthCare Administration System Welcome to Your CDH Account Administration Platform Please choose your login type below. A custodian: Is responsible for protecting the employee, managing the account, communications, account opening process, funds movement, regulations & compliance, and more. Alegeus Technologies, LLC Company Profile - Dun & Bradstreet Meanwhile, the WealthCare Saver custodial solution delivers on the important custodial requirements of an HSA in a private labeled fashion, eliminating some of the unnecessary overhead and inefficiency of third-party banks. No, while the HSA Custodian is changing, the Employer and Navias responsibilities as part of the agreement will remain the same. Debit cards, Account holders currently investing their Avidia HSA funds will not need to take action to liquidate those investments. Need to file a complaint? No impact to debit cards, mobile apps, online portals, credentials, or account history before, during, nor following the transition. Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. Read about trends and forces shaping the benefits landscape. 527 0 obj <> endobj We never compete with our clients in the market we win when they win. Customer Reviews are not used in the calculation of BBB Rating. This app may share these data types with third parties, I barely downloaded the app yesterday registered and although I can see my account whenever I select the option (Investments) the app crashed and it does this every time. 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. Contact Information 1601 Trapelo Rd Lbby 2 Waltham, MA 02451-7357 Get Directions Visit Website (800) 369-9794 This business has 0 reviews Customer Complaints 14 complaints closed in last 3 years 8. European Teaching Rankings 2018. Alegeus is PCI-DSS, SOC1 type 2 and SOC2 type 2 certified; our API requests use TLS1.2 encryption to give administrators precise control over access to data. News about Employer and Consumer Business. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. We will be updating the impacted Health Spending Account member documents and forms and marketing materials on the member portal, the Marketplace, Broker Forms Online, Sales Portal and Employer Portal to reflect the WealthCare Saver name change by March13. Complexity, Handled With the industry's most comprehensive API solution, Alegeus simplifies administration of even the most complex plan designs. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. Enter your Employee ID. WealthCare | Health Savings Accounts (HSA) for a healthy future The WealthCare Platform Accessible With WealthCare, access your latest account information at your fingertips. BBB Business Profiles are subject to change at any time. Over 15 million American families carry our health spending debit cards. 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. hb```c``@(a?PIN k5p,QtsG1N*'"vvz\F9` ~7!H AKJAxe3051103^dd`X|.4:@33ndf,P4.@ @\f@VH-g4#m mS)`.%vN2MM;ZN Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Need to find a different location? Data privacy and security practices may vary based on your use, region, and age. Alegeus has led the consumer funding technology industry for more than 20 years, providing support to health plans and TPAs, and delivering a white-label HSA solution that will help you earn new revenue, achieve speed to market, manage operational costs and more. Investment products and services are not deposits, are not FDIC-insured, are not insured by any Federal government agency, are not guaranteed, and may go down in value. Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l WealthCare Saver leverages all the current HSA functionality and features you know, but includes a fully integrated, modern investment experience. No, the investment threshold will not change on 3/13/21. Melanie Hallenbeck is Chief Growth Officer at Alegeus, leading the company's go-to-market strategy. Investments - WealthCare Yes, the balance in the deposit account will continue to be insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount permitted under FDIC guidelines. I don't understand how it's acceptable to steal more than 80% of the account value for precisely zero service or benefits. With the WealthCare investment platform, you only need an HSA cash account balance of $500 to start investing. Using a powerful combination of AI technology, data insights, and subject matter expertise, we guide our users as they navigate their healthcare journey. World University Rankings 2023. Again, this helps demonstrate why your employers should want to work with a compliant administrator, lest they invalidate their entire plan. BBB Business Profiles may not be reproduced for sales or promotional purposes. Check out our latest resources and actionable insights. Powered by our scalable, customizable SaaS-based platform, Alegeus clients are growing and driving account adoption at a pace that is 3-4X the market. All you need is an HSA cash account balance of $500. CapFinancial Partners, LLC ("CAPTRUST") is an investment adviser registered under the Investment Advisers Act of 1940. Alegeus Technologies, LLC * 9 Principals See who the company's key decision makers are 292 Contacts Reach the right people with access to detailed contact information. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Melanie Hallenbeck | Alegeus 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. Mark Waterstraat, chief customer officer, explains the ins and outs of COBRA, including eligibility, costs, deadlines and more. As a result, your employees HSAs will be migrated to our new WealthCare Saver HSA product. A simple, sleek and intuitive interface matches the online and app experience the modern consumer has come to expect. 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. In 2016 the Franche-Comt rgion was joined with the neighbouring rgion of Burgundy to form the new administrative entity of Bourgogne-Franche-Comt. In addition, we are an HSA custodian and provide the WealthCare Saver solution directly to consumers. neither WealthCare Saver*, nor its affiliates, shall be held liable for any adverse consequences that may result. As previously stated, this is a legal change to the HSA custodian. Powered by Alegeus, Wage Parity can better serve agencies and their employees as New York increases minimum hourly homecare wage. 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. Published on May 1st, 2023. DriveWealth, LLC, a registered broker dealer and member of FINRA and SIPC. What do you think? As a matter of policy, BBB does not endorse any product, service or business. WealthCare Saver allows account holders to issue checks through the portal; these can be mailed to their providers by indicating. Self-Service Portal Sign In - WealthCare Admin Better Business Bureau in Eastern MA, ME, RI & VT. BBB reports on known marketplace practices. Well guide you through the process. Alegeus has the only HSA in the market with a new, modern investment experience. BBB is here to help. Bonus fact: Any investment earnings you make with your HSA are tax free! Settle in Bourgogne Franche Comt - Welcome to France Note, this identifier begins with the letter I not the number 1). Following these rules helps ensure compliance and reduces the risk of audits and penalties. Add Company ID: I900808825 to your ACH Bank filters for HSA funding with your bank. 2021 Independence Blue Cross. 176th. Enter the information below to create your account. 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. All Rights Reserved. With our white-label model, accounts and cards can become an extension of your brand and member experience, serving up frictionless and intuitive financial solutions designed to satisfy the expectations of modern consumers.
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