Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products November 30, 2004
Infinisource and Alliance Benefit Group Offer New HSA Product
November 30, 2004 (PLANSPONSOR.com) - Infinisource
Inc. has announced a partnership with Alliance Benefit Group
(ABG) to offer a health savings account (HSA)
product.
Reported by Kip McDaniel
Infinisource uses Charles Schwab Trust Company as a custodian for the pre-tax accounts, offering employees the ability to get market-driven earnings while their money is being held in the HSA. The plan allows employers to pair the HSA with any qualifying high deductible health plan.
Plan participants will also be able to withdraw HSA funds with a SmartFlex debit card.
A press release from Infinisource asserted that the alliance with ABG makes flexibility a key component of the plan, which will allow employers to change their primary health plan but keep the HSA.
ABG ( http://www.myhsa.com/ ) provides retirement plan services for more than 3,300 plans. Infinisource ( www.benefitsolved.com ) is an employee administration solutions provider serving more than 1 million insured.