HSA Bank, UBenefit Offer Paperless Enrollment for Employers & Employees

WATERBURY, Conn., March 8 /PRNewswire-FirstCall/ -- HSA Bank announced today that it partnered with Benefit Resource, Inc. to become the exclusive Health Savings Account (HSA) administrator offered through its online employee benefits portal - UBenefit. The partnership allows employers to be set up and employees to enroll in an HSA with HSA Bank in a completely paperless environment.

"HSA Bank is excited to partner with UBenefit to make the employer and employee sign up process faster and more efficient for agents and brokers," said Itamar Romanini, senior vice president of business development for HSA Bank. "UBenefit creates a single, online marketplace for employers and their employees to obtain an HSA-compatible health plan and an HSA."

UBenefit allows agents and brokers to get underwritten quotes from multiple insurance companies and enroll employees through a custom branded online portal. HSA Bank provides a complete HSA solution by understanding the needs of its customer and backing it up with industry-leading customer service. By adding HSA Bank into the UBenefit portal, agents and brokers can complete the entire health insurance sales process from coverage rate quotes to HSA enrollment.

"UBenefit and HSA Bank complement one another," said Wendy Kessler, director of Sales/Marketing for UBenefit. "Both companies focus on helping agents and brokers manage their business more efficiently via technology which results in decreases in employer health premiums and greater access to employee benefits."

HSA Bank® is a division of Webster Bank, N.A., member FDIC, the wholly-owned subsidiary of Webster Financial Corporation (NYSE: WBS).

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Benefit Resource Inc. (BRI) is a Web Service Provider to the Group Insurance Broker, and General Agent.  The company's proprietary application, UBenefit, is helping employers save money by using market competition to decrease healthcare premiums.  UBenefit allows employers to complete a single health questionnaire, electronically sign the applications resulting in a paperless process and save health information from year to year, making renewals  even easier.  UBenefit offers multiple carrier enrollments, multiplan enrollment with 27 different coverage options, Plan Administration including COBRA, and many Human Resource Management tools.

Thousands of employers have reduced their premiums by using UBenefit.  UBenefit is currently available in Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, Texas and Wisconsin.

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HSA Bank serves customers in every state in the nation and has more than 12 years of experience with health care savings accounts. HSA Bank continuously strives to offer the best HSA product in the industry. HSA Bank combines convenience, service and savings with low account maintenance fees, competitive interest rates, several investment options, 24-hour account access online or through its automated telephone system, and outstanding personal service.

For more information about HSA Bank, visit the HSA Bank website at www.hsabank.com.

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Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.7 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 501 ATMs, telephone banking and the Internet.  Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Center Capital Corporation, an equipment finance company headquartered in Farmington, Conn., 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 the Webster website at www.websterbank.com.

SOURCE Webster Financial Corporation