Oak Brook, IL (PressExposure) January 12, 2009 -- Millennium Trust Company, LLC, a leading Health Savings Account (HSA) custodian, launched its employer kit and My FlexHSAÂ® website to help employers and employees understand the important information surrounding HSAs.
As healthcare costs continue to rise many employers and individual consumers are choosing Health Savings Accounts as a viable option. An HSA is a triple tax-advantaged account that allows an individual to accumulate funds to pay for current and/or future medical expenses tax-free.
As consumer-driven health plans continue to grow in popularity and expand across the country, the amount of information about these accounts can be overwhelming. With that in mind, Millennium created a single resource center providing employers and employees simple, convenient access to the latest information about HSAs.
"Millennium Trust realized the importance of providing comprehensive information in one easy to access location. That's why we built the My FlexHSA website," explains Reggie Karas, SVP of Health Savings Accounts at Millennium. "Whether an individual wants to know contribution limits, open an account or view account activity, a simple visit to My FlexHSA is all it takes."
The new website includes employer specific information, such as: â¢ Enrollment and contribution options â¢ Training and communication resources â¢ Useful links to various HSA and government websites
Employee resources include: â¢ How to make contributions â¢ How to withdraw funds â¢ Educational pieces like medical expense lists, fact sheets and more
FlexHSA is a registered mark of Flexible Benefit Service Corporation.