Business

Health Net, Bank of America partner for HSA administration

NEWS IN BRIEF — Posted Oct. 22, 2007

Print  |   Email  |   Respond  |   Reprints  |   Like Facebook  |   Share Twitter  |   Tweet Linkedin

Health Net has joined with Bank of America to administer its members' health savings accounts. In a deal announced Oct. 3, the Los Angeles-based health plan and Charlotte, N.C.-based bank agreed to partner in offering Web-based health savings account management to Health Net members. About 2.2 million of Health Net's commercial members are eligible for HSAs, said company spokeswoman Margita Thompson.

Other health plans, including WellPoint, UnitedHealth Group and the BlueCross BlueShield Assn., have established their own banks to administer members' HSAs.

Thompson said the insurer wanted to focus on its core business instead of following its peers in entering the financial sector.

"Our approach is to integrate and partner with best-in-class financial service companies who can then bring their expertise to the project," she said. "We'll be able to elevate each other."

Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/10/22/bibf1022.htm.

Back to top


ADVERTISEMENT

ADVERTISE HERE


Featured
Read story

Confronting bias against obese patients

Medical educators are starting to raise awareness about how weight-related stigma can impair patient-physician communication and the treatment of obesity. Read story


Read story

Goodbye

American Medical News is ceasing publication after 55 years of serving physicians by keeping them informed of their rapidly changing profession. Read story


Read story

Policing medical practice employees after work

Doctors can try to regulate staff actions outside the office, but they must watch what they try to stamp out and how they do it. Read story


Read story

Diabetes prevention: Set on a course for lifestyle change

The YMCA's evidence-based program is helping prediabetic patients eat right, get active and lose weight. Read story


Read story

Medicaid's muddled preventive care picture

The health system reform law promises no-cost coverage of a lengthy list of screenings and other prevention services, but some beneficiaries still might miss out. Read story


Read story

How to get tax breaks for your medical practice

Federal, state and local governments offer doctors incentives because practices are recognized as economic engines. But physicians must know how and where to find them. Read story


Read story

Advance pay ACOs: A down payment on Medicare's future

Accountable care organizations that pay doctors up-front bring practice improvements, but it's unclear yet if program actuaries will see a return on investment. Read story


Read story

Physician liability: Your team, your legal risk

When health care team members drop the ball, it's often doctors who end up in court. How can physicians improve such care and avoid risks? Read story

  • Stay informed
  • Twitter
  • Facebook
  • RSS
  • LinkedIn