Affiliated Computer Services, Inc. (ACS), a premier provider of business process outsourcing and information technology solutions, announced today that the ACS/Mellon HSA Solution has now established more than 100,000 Health Savings Accounts (HSA). The 100,000 accounts represent more than 200,000 individuals benefiting from this tax-free vehicle to save for and purchase medical services.
The ACS/Mellon HSA Solution ranks among the top five HSA administrators in total HSA accounts, according to Inside Consumer-Directed Care, an industry publication that tracks HSA data.
The number of HSAs administered by the ACS/Mellon HSA Solution has grown by five times since the fourth quarter of 2005. This growth exceeds the industry average; overall enrollment in HSAs has tripled since March 2005, according to a study of member companies of Americaís Health Insurance Plans.
ìThe advantages of HSAs are becoming more widely understood by both employers and employees,î said Gregg Larson, ACSí National HSA Product Leader. ìAs this trend continues, we expect the explosive increase in HSA enrollments to continue.î
More than 2,700 employers have selected the ACS/Mellon HSA Solution for their employees, either through their health plan or through direct contracting with ACS. ACS provides its HSA products and services through a network of health plans, third party administrators, and large employers. It has grown this network of distribution partners from 13 in January 2005 to more than 50 today.
Through its relationship with Mellon Financial Corporation, ACS offers a complete range of services for health plans and employers who wish to offer HSAs to members and employees.
The ACS/Mellon HSA Solution has created the EmployerDIRECT process for employers requiring a single HSA administrator. This is becoming the preferred method for employers maintaining contracts with multiple health plans.
www.mellon.com
www.acs-inc.com
ACS/Mellon HSA Solution Exceeds 100,000 HSA Accounts
Ranks Among Top Five HSA Administrators
