WATERBURY, Conn., Feb. 10, 2011 /PRNewswire/ -- HSA Bank announced today it has partnered with Trotter Wellness Ltd® to create a fully integrated Health Savings Account (HSA) and wellness solution that will reduce healthcare costs for organizations nationwide.
Under the agreement, HSA Bank will provide HSA administrative services for individuals that have an HSA-compatible health plan option and participate in a Trotter Wellness program. Also under the agreement, Trotter Wellness' complete suite of health assessments, coaching, programmatic interventions, health information and decision making tools will be made available to current HSA Bank clients that do not already have a health and wellness program in place.
"HSAs naturally fit with health and wellness plans because prevention and better disease management lowers health care costs for employers and employees alike," said Kirk Hoewisch, president of HSA Bank. "Numerous reports state that a $1 investment in wellness programs provides returns ranging from $3 to $5, so by offering an integrated health and wellness solution we have added great value for our employers and accountholders."
Health Savings Accounts are tax favored savings vehicles that roll over year-to-year, which allow accountholders to build funds to pay for medical expenses now and into the future. The integration of a health and wellness program assists HSA accountholders with living healthier lifestyles, which often reduces the accountholder's need to seek medical care.
"HSAs make employees more accountable with their healthcare expenditures," said Patrick Trotter, president of Trotter Wellness. "The costs of their doctor visits are impacting the balance of their Health Savings Account, and learning how to live a healthier lifestyle will allow employees to keep more of their money."
For a case study on how HSA Bank and Trotter Wellness have teamed up to reduce a company's medical claims by 40 percent, visit www.hsabank.com/wellness.
HSA Bank® is a division of Webster Bank, N.A. Member FDIC, the wholly-owned subsidiary of Webster Financial Corporation (NYSE: WBS).
HSA Bank is one of the nation's most experienced HSA administrators and one of the few administrators with an exclusive 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 online access for employers and individuals. 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!
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.8 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit Webster's website at www.websterbank.com.
Based in Sheboygan, Wisconsin, Trotter Wellness Ltd® is a full wellness program management organization providing comprehensive return on investment wellness programming for employers nationwide including program management, web tools, telephonic Health Coaching, and outcome and ROI reporting. Trotter Wellness Ltd® is led by owners Patrick Trotter, MPH, FACHE and Margo Trotter, RN, BSN, MHS. With over 50 years of combined health care experience, Trotter Wellness Ltd® empowers the employer and employee to effectively manage health risks and the cost of health care over the long term.
SOURCE HSA Bank