Bank on it

Chordas, Lori
June 2008
Best's Review;Jun2008, Vol. 109 Issue 2, p42
Trade Publication
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.


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