All rights reserved. Account holders may continue using their. 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. 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. In this video, we explain why Alegeus is committed to amplifying our partners' voices, values and brands. However, the memo serves as a reminder to FSA administrators about the importance of proper documentation for expenses claimed through FSAs. 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. No, there will be no funds inaccessibility window to facilitate the custodial transition. Following these rules helps ensure compliance and reduces the risk of audits and penalties. 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. Alegeus | SaaS-based benefit funding and payment solutions Effective March13, 2021, WealthCare Saver will assume custodial responsibilities for all Health Savings Accounts (HSAs) offered through Independence. 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. BBB Business Profiles are subject to change at any time. It keep shutting off the app when I hit the link to submit payment. What do you think? We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. With the WealthCare investment platform, you only need an HSA cash account balance of $500 to start investing. WealthCare Saver will become the authorized, nonbank trustee responsible for managing the funds in an HSA account on March13. The balance in deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount permitted under FDIC guidelines. Enter your First and Last Name. 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. Login | Alegeus Technologies Login We will maintain the confidentiality of your personal information in accordance with our privacy policy. We are working to minimize the impact of this transition as much as possible. Powered by Alegeus, Wage Parity can better serve agencies and their employees as New York increases minimum hourly homecare wage. All rights reserved. We currently offer two products: Administrative APIs and Participant APIs. In 2016 the Franche-Comt rgion was joined with the neighbouring rgion of Burgundy to form the new administrative entity of Bourgogne-Franche-Comt. Enter the information below to create your account. Managing your benefit account (s). Investing through the WealthCare Saver investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement(s). *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Their account history will remain intact leading up to and following the transition. As a rgion, it encompassed the eastern dpartements of Jura, Doubs, Haute-Sane, and the Territoire de Belfort. Why? Her proven track record of success in driving accelerated revenue growth, product and market expansion will greatly benefit our partnersthe backbone of our organization, said Leif OLeary, CEO, Alegeus. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. CapFinancial Partners, LLC ("CAPTRUST") is an investment adviser registered under the Investment Advisers Act of 1940. Attorney and policy expert Jason Lacey shares strategies for benefits professionals to remain compliant while helping employers support their impacted employees. A custodian: Is responsible for protecting the employee, managing the account, communications, account opening process, funds movement, regulations & compliance, and more. News about Employer and Consumer Business. 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. IRS Chief Counsel issues memo reiterating FSA substantiation 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. Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer This is a multi-location business. *WealthCare Saver is a dba of Alegeus . Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. When you partner with Alegeus, we are wholly focused on your growth and success not just as your technology partner, but as your growth enabler. This conversion period is scheduled to occur October 31, While account holders will be getting a new account number associated with their HSA, they will be able to access their Wealthcare Saver HSA using their same debit card. Read about trends and forces shaping the benefits landscape. Want your HSA money to make you money? Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. 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. Mark Waterstraat, chief customer officer, explains the ins and outs of COBRA, including eligibility, costs, deadlines and more. The notice will include information about the new terms and conditions governing their account including the new accountholder agreement. %PDF-1.6 % 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. All you need is an HSA cash account balance of $500. No, accountholders debit cards will not change. Data privacy and security practices may vary based on your use, region, and age. BBB Business Profiles may not be reproduced for sales or promotional purposes. Franche-Comte | History, Culture, Geography, & Map | Britannica Melanie Hallenbeck | Alegeus The health savings account (HSA) market has become increasingly complex and competitive in recent years. An enhanced-yield savings option coming in 2022 will drive additional interest back to the consumer. Thank you for using WealthCare Administration System. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. The WealthCare Saver HSA experience guides consumers to make better healthcare decisions. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Review any internal documents or links you may have that reference Avidia. Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. 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. Accountholders may continue to use their online accounts and user credentials. We expect their new HSA account information to be available starting September 29, Account holders should destroy any remaining paper checks they have on hand. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. Accountholders have the option to close and/or transfer any existing balance to another HSA custodian. Investments funds will automatically be liquidated on October 24th. Our product and market experts share the top five trends anticipated to drive the healthcare and benefits space this year. 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. Alegeus WealthCare Administration System With WealthCare, access your latest account information at your fingertips. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. All rights reserved. Well guide you through the process. 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. Its critical all of value-add components of an HSA complement and build upon each other both in value to employees and sequentially as we work with our partners to build them. We are working to minimize the impact of this transition as much as possible. Learn More Smart With our SMART Account functionality, discover ways to stretch your healthcare dollars in real time. Please contact your Administrator for questions regarding access to this site or for questions about balances and statements. Participant Portal - WealthCare Admin Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Account holders will be directed to a new Terms and Conditions document in their letter and should also add WealthCare Saver as an approved sender to their email accounts to ensure any messages do not get automatically filed as junkmail. Start Your Free Trial This is beneficial for audit and security reasons: 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 . Bonus fact: Any investment earnings you make with your HSA are tax free! I understand that I may consult a tax professional or legal counsel. App won't let me submit for reimbursement. These substantiation rules are longstanding, and there were no changes to the rules in the proposed regulations. DriveWealth, LLC, a registered broker dealer and member of FINRA and SIPC. 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. Published on May 1st, 2023. Our client partners are at the center of everything we do. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. Earlier in her career, she held senior sales roles at ADP and Progressive Benefits Solutions. Alegeus WealthCare Admin. When will a current employee see their new HSA online? Sign in Username * Forgot your Username? Consumers will have two ways to save HSA funds. 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. To sequence and deliver quickly, well be transitioning to a non-bank trustee model. With more than 25 years of growth and innovation, Alegeus helps our clients (and their customers and participants) achieve new levels of success using account-based programs. WealthCare Saver leverages all the current HSA functionality and features you know, but includes a fully integrated, modern investment experience. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at . Following the transition, WealthCare Saver becomes the non-bank trustee and PNC remains the depository. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. 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. Alegeus Technologies is a leader in the consumer-directed account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. Independence Edge - WhatCounts 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. This change was initiated by WealthCare Saver a fully-integrated, private-label HSA custodial solution from Alegeus Technologies, LLC. CapFinancial Partners, LLC (CAPTRUST) is an investment adviser registered under the Investment Advisers Act of 1940. 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. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. WealthCare Saver leverages all the current HSA functionality and features you know, but includes a fully integrated, modern investment experience. It also reminds administrators that the reimbursement must be provided within a reasonable period of time after the expense was incurred. Alegeus is the industry's most innovative API solution for benefit administration. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. In March 2022 my HSA was transferred to WealthCare after I changed jobs. In addition, we are an HSA custodian and provide the WealthCare Saver solution directly to consumers. 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. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Melanie most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. WealthCare empowers people to make the most from their healthcare dollars through the industrys first SMART HSA, a guided platform that maximizes their savings and minimizes their spend. Need to find a different location? Your HSA is a powerful investment vehicle and can help you better prepare for your future. Young University Rankings 2022. No, the online and digital experiences will not change. PDF HSA Account Closure Request - Microsoft 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). We encourage you to take this opportunity to review your substantiation procedures and make any necessary adjustments to ensure the long-term success of your FSA plans and continue providing maximum value to your employee customers. Note, this identifier begins with the letter I not the number 1). 0 Were announcing an update regarding the custodian of your employees HSAs. Today, PNC serves as both the HSA custodian and depository. We are excited to welcome Melanie to Alegeus. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. 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. Better Business Bureau in Eastern MA, ME, RI & VT. BBB reports on known marketplace practices. 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. 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. 626 0 obj <>stream hb```c``@(a?PIN k5p,QtsG1N*'"vvz\F9` ~7!H AKJAxe3051103^dd`X|.4:@33ndf,P4.@ @\f@VH-g4#m mS)`.%vN2MM;ZN 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. On the evening of November 4th, Avidia HSA funds will be available in the new Wealthcare Saver HSA. BBB Business Profiles generally cover a three-year reporting period. Our client partnerships extend beyond the technology, as we lean in with you to drive adoption and usage ensuring your programs success, now and into the future. Alegeus is the market leader in SaaS-based benefit funding and payment solutions. 9 See similar companies for insight and prospecting. No, the investment threshold will not change on 3/13/21. All Rights Reserved. Let us help Don't have an account? Navia will take care of updating communications on our sites. BBB is here to help. This site requires javascript to display properly. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. No changes or impact to debit cards, online/mobile apps, bill payment, etc. 151-200th. 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. No funds movement or transfer to facilitate the transition. Over 15 million American families carry our health spending debit cards. HSAs are becoming commodities, as administrators cut fees and sacrifice value to attract more clients. WealthCare Saver allows account holders to issue checks through the portal; these can be mailed to their providers by indicating. Will employees be able to use the same debit card? During this time, they will continue to have access to their other benefit accounts and be able to use their existing card for those accounts, if enrolled. SOC 2 Type 2, GDPR, CCPA compliant. Check out our latest resources and actionable insights. The transition does not require employee action. Section 1: HSA Account Information (WealthCare Saver as Custodian) ACCOUNT NUMBER(12 digits beginning with 601) LAST NAMEFIRST NAME EMPLOYER NAME EMAIL ADDRESS STREET ADDRESS CITY STATEMIDDLE INITIAL - SOCIAL SECURITY NUMBER TELEPHONE NUMBER ZIP CODE Transfer my HSA FROM this account Section 2: Current Custodian Information ACCOUNT NUMBER Alegeus provides powerful, flexible technology - with a difference We're proud to offer the industry's most innovative healthcare payments platform, providing essential spending, saving and investing capabilities. In addition, you may choose to have CAPTRUST manage your HSA account on a discretionary basis. 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. 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. International Association of Better Business Bureaus. I acknowledge that I have read and understood the terms and conditions applicable to a distribution, as set forth . Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. HSA investments offer an unparalleled tax advantage that even a traditional retirement account like a 401(k) or IRA simply cant match. As previously stated, this is a legal change to the HSA custodian. 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. As a result, your employees HSAs will be migrated to our new WealthCare Saver HSA product. At WealthCare Savers request, PNC has agreed to resign as the custodian of your HSA and assign WealthCare Saver the successor custodian. Read about trends and forces shaping the benefits landscape. 32, Avenue de l'Observatoire, BESANCON, 25000, France. Most notable during this transition is the fact that account holders will experience a 5-day conversion period while their HSA funds are liquidated and transferred. World University Rankings 2023. 527 0 obj <> endobj Alegeus WealthCare Admin We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. Alegeus Technologies is a leader in the consumerdirected account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. IRS Chief Counsel issues memo reiterating FSA substantiation requirements, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. *\l:'pAYb&fe`7}T ^j WealthCare Saver is a leading custodian of health savings accounts (HSAs) with long-standing experience in the market. Universit Bourgogne Franche-Comt (UBFC) Health Savings Accounts (HSA) | Alegeus No enrollment, funding/contribution, or reporting changes. They can also select investment options through the WealthCare Saver investment solution if their balance is greater than $1,000. Registered in all 50 U.S. states. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. Our partnerships with the industrys leading health plans, third-party administrators, financial services and benefit solution providers give Alegeus unparalleled reach in the market, with access to more than 100 million commercially insured Americans. Current This content is restricted to site members. With the WealthCare platform, investing your HSA funds is as easy as 1, 2, 3! You are encouraged to deliver an employee notification email on February 4, 2021. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l Ms. Nicole Gardner, Senior Director Compliance. 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.. Alegeus Technologies, LLC Company Profile - Dun & Bradstreet However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. Franche-Comt , historical region and former rgion of France. Privacy Policy - WealthCare This site requires javascript to display properly. Investing your HSA funds may be a great option for you.
