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Products October 24, 2011
TASC Acquires HFS Benefits
October 24, 2011 (PLANSPONSOR.com) – Total Administrative Services Corporation (TASC) announced the acquisition of Hirsch Financial Services (HFS) Benefits, a Maryland-based third-party administrator.
Reported by Tara Cantore
By joining forces with HFS Benefits, TASC adds an office in Hunt Valley, Maryland, along with all of HFS Benefits’ employees and 2,000+ customers. HFS Benefits currently offers Flexible Spending Account, Health Reimbursement Arrangement (HRA), Health Savings Account (HSA), Transit, and COBRA administration.
In partnering with TASC, President Jim Hirsch says the company seeks to enhance HFS Benefits’ capabilities, by adding new benefits offerings such as FMLA administration, debit card with a cash account for medical reimbursements, mobile account management technology, and an online Reimbursement Wizard.
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