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New features help participants maximize the value of HSAs and enable employers to drive adoption and usage
SAN MATEO, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- WageWorks, Inc. (NYSE: WAGE), a leader in administering Health Savings Accounts (HSAs) and other Consumer-Directed Benefits, announced a series of HSA product enhancements that offer a streamlined participant experience and resources to support smarter spending and saving decisions.
“WageWorks continues driving innovation and advancing our platform to harness the power of HSAs for employers and their employees,” said President and CEO Edgar Montes. “These critical HSA product enhancements demonstrate our continued commitment to helping employees and their families use pre-tax savings to pay for their healthcare.”
The new HSA capabilities enable employers to drive education, adoption and usage by their employees, and include the following key enhancements:
Industry data indicates more companies are offering Consumer-Directed Health Plans (CDHPs) as a way to help their workforce combat rising healthcare costs. HSAs coupled with CDHPs can significantly assist employees in covering their healthcare costs now and in the future.
“Our affordable, easy-to-administer and use HSA program addresses the growing market demand for a comprehensive solution from an industry leader,” said Edgar. “We take great pride in offering our clients and partners a full suite of products and turnkey benefit solutions for their employees.”
WageWorks, Inc. (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits. WageWorks is headquartered in San Mateo, California, with offices in major locations throughout the United States. For more information, visit www.wageworks.com.
Director, Corporate Communications