ENROLLMENT
Challenge:
How can health plans/TPAs encourage enrollment in HSA accounts?
RECONCILER™ Solution:
Up to half of all employees do not open their HSA account in a timely manner. This requires someone, usually the HR Director, to spend valuable time doing follow-up work.
In addition, delayed enrollment affects many downstream processes. For example, you can't fund an account that doesn't yet exist. Nor can medical expenses be paid out until the account is adequately funded.
RECONCILER'S electronic enrollment capabilities make opening an HSA fast and easy for the plan participant. In fact, enrollment is as easy as completing a pre-propagated electronic form online. Since any data entry is by keystroke, the problem of illegible hand printing is also eliminated.
Once the form is signed electronically, RECONCILER quickly digitizes the information and transmits it to the bank. RECONCILER eliminates any bank or health plan manual data entry previously required, providing greater efficiencies. And because the information exchange is automated, the data is more accurate.
Questions?
To discuss how we can help your organization, please contact us:
or
(949) 756-0037
