Alegeus Starts ‘Smart HSA’ Initiative

Alegeus, provider of consumer-directed health care (CDH) solutions, announced a multi-phased initiative that features machine learning and artificial intelligence to deliver “smart HSAs.” This announcement will be the first of several to come.

The first component of this initiative, which is currently being piloted by a select number of clients, is an enhanced employer portal. The new portal will offer a simplified, easy-to-navigate design that helps the employer focus on the metrics that are most impactful to their bottom line, including the capture of premium and tax savings.

The portal will give employers context to benchmark their performance against peers via a CDH Health Score that quantifies the financial impact of a program not being fully optimized and provides a clear course of action to capitalize on incremental opportunities. The portal will include access to turnkey employee communications and marketing support that make it easy for employers’ HR staff to execute.

The “Smart HSA” initiative will enhance the Alegeus platform with broader support for the benefits lifecycle—offering all stakeholders the value of having everything in one place, in real time. It will incorporate advanced technologies to identify value-add opportunities and to deliver more personalized experiences. Self-guiding tools will take the guesswork out of health care funding decisions.

“We believe that the consumer-directed health care market is at an inflection point. As their financial responsibility for health care grows, consumers and employers will no longer tolerate poor experiences, making this market ripe for disruption,” says Steven Auerbach, Alegeus CEO.