WATERBURY, Conn., June 25, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- HSA Bank®, a
division of Webster Bank, N.A., a subsidiary of Webster Financial Corporation
(NYSE: WBS), announced today that it has formed an integrated relationship
with Health Care Service Corporation (HCSC), the fourth largest health insurer
in the country. The integrated relationship allows accountholders to access
health plan and HSA information quicker, easier and from one primary point of
contact.
We saw HSA Bank as being a strong partner that would complement our
existing partnerships supporting our 'plug and play' approach, said Kirk
Pion, the executive director of the Consumerism Program at HCSC. Our
customers demand integration partner options and flexible product offerings
that are easy to use and promote the responsibility that consumer-driven
health products were designed to achieve.
The integration strategy creates one primary source for customer service
support, a single website to view health plan claims and HSA transactions and
efficient enrollment processes based on an employer's needs. The relationship
between HSA Bank and HCSC utilizes a secure web service to provide real-time
account information, which plugs into HCSC's member portal infrastructure.
While consumer-driven health care is an attractive product offering, it
can create a segmented customer experience between the high deductible health
plan and the health savings account (HSA), said Kirk Hoewisch, president of
HSA Bank. The integration strategy employed by HSA Bank and HCSC creates a
more seamless customer experience by providing members with a single
point-of-contact for information regarding their health plan and HSA
information.
HSA Bank serves customers in every state in the nation and has more than
10 years of experience with health care savings accounts. HSA Bank
continuously strives to offer the best HSA product in the industry. HSA Bank
combines convenience, service and savings with low account maintenance fees,
competitive interest rates, several investment options, 24-hour account access
online or through its automated telephone system, and outstanding personal
service.
For more information about HSA Bank, visit the HSA Bank website at
www.hsabank.com.
Webster Financial Corporation is the holding company for Webster Bank,
National Association. With $17.2 billion in assets, Webster provides business
and consumer banking, mortgage, financial planning, trust and investment
services through 181 banking offices, 484 ATMs, telephone banking and the
Internet. Webster Bank owns the asset-based lending firm Webster Business
Credit Corporation, the insurance premium finance company Budget Installment
Corp., Center Capital Corporation, an equipment finance company headquartered
in Farmington, Connecticut and provides health savings account trustee and
administrative services through HSA Bank, a division of Webster Bank. Member
FDIC and equal housing lender.
For more information about Webster, including past press releases and the
latest annual report, visit the Webster website at www.WebsterOnline.com.
SOURCE: Webster Financial Corporation
http://www.websteronline.com