SHEBOYGAN, Wis., Nov. 4, 2013 /PRNewswire/ -- HSA Bank, a premier provider of Health Savings Accounts (HSAs), and Tango Health, a premier provider of HSA management software and services have teamed up to help employers and employees make the most of their health savings accounts with Tango's innovative software and services.
To help eliminate barriers to HDHP + HSA adoption, simplify eligible employee census management and streamline the payroll deduction process, employer groups signing up for an HSA Bank's HSA program may elect to add the Tango Health solution For employees, Tango's software makes it easier to realize the full extent of HSA tax benefits through the use of simple and convenient online and mobile tools, including patented features. Employees can now combine the many benefits and features of their HSA Bank savings account with Tango's solutions in an integrated, seamless manner. Employees access these features through www.hsabank.com.
"These enhancements are being made as the result of customer feedback and marketplace demand, and are designed to increase employee adoption of HSA Plans and overall satisfaction with their HSA accounts," said Kirk Hoewisch, SVP, Sales, HSA Bank. "This helps employers because they can save, on average, $365 in payroll taxes per employee, per year, for each employee who participates in a health savings account tied to a high deductible health plan. The better the service we provide employees, the more likely they are to open a health savings account."
"The combination of HSA Bank and Tango has delivered the perfect HSA solution for our engineers and architects," said Don Kennedy of Robertson Loia Roof, a customer of HSA Bank. "We've got a demanding and diverse employee base. The combination of user-friendly tools and mobile access from Tango and the stability and investment options from HSA Bank, we're seeing a significant increase in the adoption of HSA accounts and improved employee satisfaction. We're almost at 50 percent adoption of the HDHP + HSA plan."
"We're excited about the opportunity to work with HSA Bank and be a provider of premium HSA solutions to their customers," said Duncan Van Dusen, Co-founder and CEO of Tango. "By combining Tango's superior HSA experience for HR administrators and end-users with HSA Bank's savings account and investment capabilities, we're delivering an HSA solution employees want and human resources departments love."
About Tango Health:
Tango Health delivers innovative software and service solutions that help employers comply with the affordable care act (ACA) as well as reduce the total cost of health benefits. Tango's solutions include an affordable care act compliance suite, HSA program administration, Health Savings Accounts and an HSA adoption accelerator. Employers that are focused on managing or reducing their health benefit costs have come to rely on Tango because its patented, and industry leading management software and services. Tango delivers HSA programs that employees want and use and HR departments love. To find out more about Tango, visit www.tangohealth.com or call (855) 468-2646.
About HSA Bank:
HSA Bank is one of the nation's most experienced HSA administrators and one of the few administrators with a strong focus on HSAs. HSA Bank works with individuals and companies of all sizes and complexities. HSA Bank actively listens to the needs of our clients and customers to develop solutions and create flexible HSA programs that include free Internet Banking access for employers and accountholders. HSA Bank offers reliable and responsive support to its business partners and accountholders from friendly, knowledgeable service staff. Discover how easy it can be to have, or manage, an HSA at www.hsabank.com.
HSA Bank: Brenda F. Greene (401) 228-2803
Tango Health: Jeff Fugitt (512) 653-8295
SOURCE HSA Bank