Helping clients win in a rapidly changing marketplace with the industrys largest and most comprehensive consumer healthcare funding platform. With more than 25 years of growth and innovation, Alegeus is the market leader in SaaS-based healthcare payment solutions. Were announcing an update regarding the custodian of your employees HSAs. International Association of Better Business Bureaus. The balance in your HSA Investment Account is subject to investment risks, including fluctuations in value and the possible loss of the principal amount invested. Alegeus has the only HSA in the market with a new, modern investment experience. Alegeus WealthCare Administration System Welcome to Your CDH Account Administration Platform Please choose your login type below. She did not inform me that when I had my account closed and moved to Fidelity, which was finalized on April 10th, I would be charged an additional $25 for absolutely no reason. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Account APIs Manage all participant accounts, including adding/deleting employees, resetting passwords, and updating participant contact information. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. We are working to minimize the impact of this transition as much as possible. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. Employee experience: Alegeus is PCI-DSS, SOC1 type 2 and SOC2 type 2 certified; our API requests use TLS1.2 encryption to give administrators precise control over access to data. 527 0 obj <> endobj Accountholders may continue to use their online accounts and user credentials. To sequence and deliver quickly, well be transitioning to a non-bank trustee model. Yes, the balance in the deposit account will continue to be insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount permitted under FDIC guidelines. 626 0 obj <>stream The notice will include information about the new terms and conditions governing their account including the new accountholder agreement. No, the investment threshold will not change on 3/13/21. Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer Investment products and services are not deposits, are not FDIC-insured, are not insured by any Federal government agency, are not guaranteed, and may go down in value. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. The blackout period will run from October 31st to November 4th. Contact Information 1601 Trapelo Rd Lbby 2 Waltham, MA 02451-7357 Get Directions Visit Website (800) 369-9794 This business has 0 reviews Customer Complaints 14 complaints closed in last 3 years 8. Alegeus Technologies is a leader in the consumerdirected account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. I called again and was told that the fees 'couldn't be reversed as they were legitimate.' We are excited to welcome Melanie to Alegeus. Consumers will have two ways to save HSA funds. Read about trends and forces shaping the benefits landscape. IRS Chief Counsel issues memo reiterating FSA substantiation requirements, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. Registered in all 50 U.S. states. Join us in Denver from May 7-9 for the Alegeus Partner Success Summit, our annual learning and empowerment forum! Learn More Experienced Melanie will play an integral role in helping partners to achieve sustained growth through our unique partner-powered business model fueled by her extensive industry expertise, her intimate knowledge of our partners businesses, and her deep experience in driving go-to-market strategies for account-based benefit programs., I have long admired Alegeus, both as a client and as a market player in consumer-directed healthcare, said Hallenbeck. They can also select investment options through the WealthCare Saver investment solution if their balance is greater than $1,000. With the WealthCare platform, investing your HSA funds is as easy as 1, 2, 3! Alegeus is the market leader in SaaS-based benefit funding and payment solutions. Powering more than $6 billion in healthcare transactions annually, Alegeus delivers the security, reliability, stability and proven financial solutions you need to manage your customers money. Who we help | Alegeus IRS Chief Counsel issues memo reiterating FSA substantiation How BBB Processes Complaints and Reviews. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. I expressed that I was frustrated and would be closing my account, and the representative simply wished that I would continue business with them as she ended the call. However, Accountholders are encouraged to review the new terms and conditions governing their account including the new accountholder agreement at www.wealthcaresaver.com/disclosures/wcsp. In March 2022 my HSA was transferred to WealthCare after I changed jobs. Before we get any deeper, its important we define and clarify the difference in what a custodian is versus, what a depository is responsible for. Bourgogne-Franche-Comt - Wikipedia endstream endobj 528 0 obj <>/Metadata 47 0 R/Pages 525 0 R/StructTreeRoot 91 0 R/Type/Catalog/ViewerPreferences<>>> endobj 529 0 obj <. Attorney and policy expert Jason Lacey shares strategies for benefits professionals to remain compliant while helping employers support their impacted employees. All you need is an HSA cash account balance of $500. What do you think? Once the conversion is complete on November 4th, funds will be available after end-of-day processing, typically by 7pm CT. Account holders can use their existing card for all carded accounts with Navia, including their WealthCare Saver HSA funds. 1901 Market Street | Philadelphia, PA 19103. As a matter of policy, BBB does not endorse any product, service or business. WealthCare Saver allows account holders to issue checks through the portal; these can be mailed to their providers by indicating. Thank you for using WealthCare Administration System. Online account access does not change. No, while the HSA Custodian is changing, the Employer and Navias responsibilities as part of the agreement will remain the same. Published on May 1st, 2023. Our highly flexible, white-label platform powers HSAs, FSAs, COBRA, lifestyle benefits and beyond delivering exceptional user experiences and differentiated capabilities that help you compete and win. Alegeus recommends utilizing a different REST user configuration on a "per platform" basis. There will be no impact on day-to-day account usage: Summary: The transition simply entails a legal change in the custodial entity and the employee notifications required by existing custodial agreements. Our product and market experts share the top five trends anticipated to drive the healthcare and benefits space this year. Self-Service Portal Sign In Self-Service Login Please enter your User ID & Password below to access your secure account. You are encouraged to deliver an employee notification email on February 4, 2021. When will a current employee see their new HSA online? A depository: The depository is the underlying bank holding the non-invested funds. The transition does not require employee action. With Smart Account functionality, state-of-the-art investments and enhanced-yield savings, WealthCare Saver HSA delivers value at every stage of the consumer lifecycle spending, saving and investing. Melanie Hallenbeck is Chief Growth Officer at Alegeus, leading the company's go-to-market strategy. These substantiation rules are longstanding, and there were no changes to the rules in the proposed regulations. We expect their new HSA account information to be available starting September 29, Account holders should destroy any remaining paper checks they have on hand. In addition, we are an HSA custodian and provide the WealthCare Saver solution directly to consumers. Need to find a different location? Overview. However, the memo serves as a reminder to FSA administrators about the importance of proper documentation for expenses claimed through FSAs. 2021 Independence Blue Cross. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. Alegeus Technologies, LLC Company Profile - Dun & Bradstreet Through our partnerships with the industrys largest health plans, TPAs, human capital management (HCM) and financial services solution providers, Alegeus reaches more than 100 million consumers. For a weekend, a week or longer, Bourgogne-Franche-Comt is a region on a human scale that brings together nature and culture and exercises the head, the taste buds and the legs. On April 28, 2023, the Internal Revenue Service (IRS) released a Chief Counsel memorandum reiterating the substantiation requirements included in proposed IRS regulations for health flexible spending arrangements (health FSAs) and dependent care flexible spending arrangement (DCFSA). Navia will take care of updating communications on our sites. WealthCare Savers Investment Solutions Flyer, WealthCare Savers Investment Solutions FAQ, Avidia Legal Account Holder Notifications, Scheduled Health Reimbursement Arrangement (HRA), https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. WealthCare Saver is a d/b/a of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, nonbank, passive trustee operating as the custodian of HSAs. BBB is here to help. Docs | All APIs - Alegeus Developer Portal WealthCare Saver is a dba of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, non-bank passive trustee operating as the custodian of health savings accounts. This ID was assigned by your Administrator and could be your Health Plan Member Number, Social Security Number . Today, PNC serves as both the HSA custodian and depository. Want your HSA money to make you money? Customers and members do not need to take any action and there is no impact to members enrolled in a 2021HSA plan or how they interact with their benefit or access their health savingsaccount: WealthCare Saver is a d/b/a of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, nonbank, passive trustee operating as the custodian of HSAs. This site requires javascript to display properly. The blackout is a period of time that employees will not be able to access their Avidia HSA Balance accounts while we are transitioning it to the WealthCare Saver HSA. This is an important period of time used to transfer over balances and audit to ensure accuracy. No, there will be no funds inaccessibility window to facilitate the custodial transition. Click here to download details: https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. Alegeus is uniquely positioned to drive your future success Our innovative solutions deliver tangible value for you, your customers and members - delivering flexibility to design and deploy a truly differentiated product experiences that will delight your customers and achieve your business goals. We use cookies to optimize site functionality and give you the best possible experience. Your investment accounts can be created and managed through the WealthCare portal. As noted by the ECFC, this may also be an indication that plans will be more closely scrutinized during audits. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. Following these rules helps ensure compliance and reduces the risk of audits and penalties. As a benefits administrator, you may have found yourself competing against TPAs who bend the rules, or you may have gotten pushback from employers and brokers for simply following the rules as written. This conversion period is scheduled to occur October 31, While account holders will be getting a new account number associated with their HSA, they will be able to access their Wealthcare Saver HSA using their same debit card. Learn how Alegeus can help you unlock the full potential of your account-based programs through our flexible approach, continuous innovation and collaborative partnership model. WealthCare | Health Savings Accounts (HSA) for a healthy future The WealthCare Platform Accessible With WealthCare, access your latest account information at your fingertips. The region is dominated by the Jura Mountains, and much of . Our highly flexible, white-label platform powers account-based benefit programs such as HSAs, FSAs, HRAs, COBRA, wellness incentives, lifestyle benefits and beyond. We are working to minimize the impact of this transition as much as possible. With our white-label model, accounts and cards can become an extension of your brand and member experience, serving up frictionless and intuitive financial solutions designed to satisfy the expectations of modern consumers. This app may share these data types with third parties, I barely downloaded the app yesterday registered and although I can see my account whenever I select the option (Investments) the app crashed and it does this every time. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. Alegeus | LinkedIn Powered by Alegeus, Wage Parity can better serve agencies and their employees as New York increases minimum hourly homecare wage. With the WealthCare investment platform, you only need an HSA cash account balance of $500 to start investing. No spending freezes or funds inaccessibility windows during the transition. Yes, approximately 30 days prior to March 13, 2021, Alegeus will send a notification by mail to accountholders who have an account custodied by PNC Bank as of approximately January 15, 2021 notifying them of the change in custodian.
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