TITLE

Bank on it

AUTHOR(S)
Chordas, Lori
PUB. DATE
June 2008
SOURCE
Best's Review;Jun2008, Vol. 109 Issue 2, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the creation of a bank by UnitedHealth Group Inc. (UG) to manage its members' health savings accounts (HSAs) in the U.S. According to Kevin Anderson, president of OptumHealth Bank, chartering an own bank helps UG streamline the process, cut costs and allows the firm to handle the whole customer service experience. Most health plans have partnered with commercial banks to administer their HSA funds instead of following UG's suit.
ACCESSION #
32712316

 

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