Oak Brook, IL (PressExposure) September 25, 2009 -- Millennium Trust Company ("MTC"), an innovative custodial and administrative firm providing integrated Health Savings Account solutions, has chosen Consumer Health Technologies, Inc. ("CHT") as their HSA administration and service delivery platform. CHT is a Consumer Directed Healthcare (CDHC) software company that offers BenefitSpanâ¢, a total CDHC administration and service aggregation platform. The new integrated program, HSA Manager, was launched this month.
CHT will support components of cash management technology that will enhance functionality beyond previous capabilities. MTC clients will have an enhanced online experience with increased access to enrollment capabilities, tools to manage their healthcare dollars, document archives and much more. MTC clients continue to have access to both a banking and investment platform. The automatic sweep feature that moves money from the banking to investment account will continue to be in place along with a trading platform that allows account holders to choose from a wide array of investments.
By leveraging the strength of both companies, Millennium has a stronger and more flexible HSA platform that seamlessly integrates both a banking and investment account on a single platform. The platform enhances Millennium's ability to serve their existing client base including individuals, employers, financial advisors and third party administrators. "The new platform is critically important to our overall growth strategy and allows us the flexibility to provide creative solutions in the health and wealth arena. BenefitSpan provides additional account access tools to manage the client's banking, investment and wellness needs giving a total picture of their HSA portfolio. We share CHT's vision for Consumer Directed Healthcare making our selection of CHT the best solution for us," comments Scott McCartan, CEO of Millennium Trust Company.
"We are excited and proud to add MTC to our family of clients. MTC brings a unique and compelling value proposition to their clients and have demonstrated a strong commitment to serving their clients with easy-to-use and effective healthcare banking and HSA solutions. The adoption of BenefitSpan will allow MTC to expand their products, services and revenue", said Pradeep Goel, CEO of Consumer Health Technologies, Inc.