However, the memo serves as a reminder to FSA administrators about the importance of proper documentation for expenses claimed through FSAs. Universit Bourgogne Franche-Comt (UBFC) 601-800th. 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. The companys strong and experienced team, coupled with its innovative solutions and unique white label model, delivers partnersfrom administrators to health plansa powerful value proposition and I look forward to positioning them for continued success.. We are working to minimize the impact of this transition as much as possible. Will employees be able to use the same debit card? Thank you for using WealthCare Administration System. Navia will take care of updating communications on our sites. No enrollment, funding/contribution, or reporting changes. 527 0 obj <> endobj With the WealthCare platform, investing your HSA funds is as easy as 1, 2, 3! hb```c``@(a?PIN k5p,QtsG1N*'"vvz\F9` ~7!H AKJAxe3051103^dd`X|.4:@33ndf,P4.@ @\f@VH-g4#m mS)`.%vN2MM;ZN We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. Overview. 'Burgundy-Free County', sometimes abbreviated BFC; Arpitan: Borgogne-Franche-Comtt) is a region in Eastern France created by the 2014 territorial reform of French regions, from a merger of Burgundy and Franche-Comt.The new region came into existence on 1 January 2016, after the regional elections of . This ID was assigned by your Administrator and could be your Health Plan Member Number, Social Security Number . 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. Note, this identifier begins with the letter I not the number 1). We will be updating the impacted Health Spending Account member documents and forms and marketing materials on the member portal, the Marketplace, Broker Forms Online, Sales Portal and Employer Portal to reflect the WealthCare Saver name change by March13. Our highly flexible, white-label platform powers account-based benefit programs such as HSAs, FSAs, HRAs, COBRA, wellness incentives, lifestyle benefits and beyond. Enter the information below to create your account. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l This is beneficial for audit and security reasons: As a matter of policy, BBB does not endorse any product, service or business. As the leading provider of SaaS-based benefit funding and payment solutions, we focus on the specific needs of our partners whether you want to deliver standalone account offerings or embed accounts and cards into your total solution. Ms. Nicole Gardner, Senior Director Compliance. Section 1: HSA Account Information (WealthCare Saver as Custodian) ACCOUNT NUMBER(12 digits beginning with 601) LAST NAMEFIRST NAME EMPLOYER NAME EMAIL ADDRESS STREET ADDRESS CITY STATEMIDDLE INITIAL - SOCIAL SECURITY NUMBER TELEPHONE NUMBER ZIP CODE Transfer my HSA FROM this account Section 2: Current Custodian Information ACCOUNT NUMBER No. 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).These substantiation rules are longstanding, and there were no changes to the rules in the proposed . Join us in Denver from May 7-9 for the Alegeus Partner Success Summit, our annual learning and empowerment forum! Helping clients win in a rapidly changing marketplace with the industrys largest and most comprehensive consumer healthcare funding platform. Accountholders may continue to use their online accounts and user credentials. When you partner with Alegeus, we are wholly focused on your growth and success not just as your technology partner, but as your growth enabler. Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. Learn More Smart With our SMART Account functionality, discover ways to stretch your healthcare dollars in real time. 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. Employees will be able to see their accounts on their Navia employee portal on September 29th. Through the Wealthcare Saver HSA, they will have the ability to reinvest those funds on November 4, Account holders that contribute outside of payroll, or otherwise have their HSA routing and account number on file for transfer or bill pay arrangements, will need to update their information with their new routing and account number for their WealthCare Saver HSA. Self-Service Portal Sign In Self-Service Login Please enter your User ID & Password below to access your secure account. I also can't see how a functioning business can claim they will follow up on inquiries, only to fail to do so repeatedly.At this point the only thing I want is the fees reversed and the original total of $83.32 transferred to my Fidelity account. I understand that I may consult a tax professional or legal counsel. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. How BBB Processes Complaints and Reviews. BBB Business Profiles may not be reproduced for sales or promotional purposes. Adjudication APIs With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Melanie most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. We use cookies to optimize site functionality and give you the best possible experience. What is the blackout and why is it important? In the midst of this race to zero, the WealthCare Saver HSA offers a truly different approach one that will fuel your business growth while providing more for account holders. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. Let us help Password * Forgot your Password? Alegeus is the industry's most innovative API solution for benefit administration. 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. All rights reserved. By the time I noticed, $43.40 worth of my money had been siphoned off in "administrative fees" each month. All Rights Reserved. Will this change require a new service contract or amendment? 1901 Market Street | Philadelphia, PA 19103. Mark Waterstraat, chief customer officer, explains the ins and outs of COBRA, including eligibility, costs, deadlines and more. Nothing about the day-to-day operation, employee account usage, or teams supporting the HSAs change. Earlier in her career, she held senior sales roles at ADP and Progressive Benefits Solutions. Published on May 1st, 2023. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. BBB Business Profiles are subject to change at any time. Sign in Username * Forgot your Username? Account APIs Manage all participant accounts, including adding/deleting employees, resetting passwords, and updating participant contact information. Alegeus Technologies is a leader in the consumerdirected account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. If you've forgotten your password, please contact your designated Administrator to have your account password reset. *WealthCare Saver is a dba of Alegeus . WealthCare Saver will become the authorized, nonbank trustee responsible for managing the funds in an HSA account on March13. 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. Customer Reviews are not used in the calculation of BBB Rating. Powered by our scalable, customizable SaaS-based platform, Alegeus clients are growing and driving account adoption at a pace that is 3-4X the market. All you need is an HSA cash account balance of $500. Online account access does not change. 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 . Thus, as required by the existing custodial agreement, the only employee impact is notification delivered via two communications: Submit Employee Enrollments & Terminations. Custodians typically perform functions such as producing required tax reporting, providing required account disclosures or communications, and establishing customer identification processes. Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. 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. Enter your First and Last Name. 2021 Independence Blue Cross. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Alegeus provides powerful, flexible technology - with a difference We're proud to offer the industry's most innovative healthcare payments platform, providing essential spending, saving and investing capabilities. Backed by Pacific Life, the new option allows HSA account holders to take advantage of some of the highest interest rates in the market. 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. Employers found out of compliance could be held responsible for all back payroll taxes and associated penalties, issuance of corrected W2s which would then require all employees (past and present) to file amended tax returns, likely resulting in additional taxes and penalties. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. 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. Independence Blue Cross offers products through its subsidiaries Independence Hospital Indemnity Plan, Keystone Health Plan East and QCC Insurance Company, and with Highmark Blue Shieldindependent licensees of the Blue Cross and Blue Shield Association. All rights reserved. Learn how Alegeus can help you unlock the full potential of your account-based programs through our flexible solutions, continuous innovation and collaborative partnership model. Copyright 2023 WealthCare. An enhanced-yield savings option coming in 2022 will drive additional interest back to the consumer. IRS Chief Counsel issues memo reiterating FSA substantiation requirements, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. Copyright 2023 WealthCare. All Rights Reserved. No, the investment threshold will not change on 3/13/21. Start Your Free Trial Our highly flexible, white-label platform powers account-based benefit programs including HSAs, FSAs, HRAs,. I acknowledge that I have read and understood the terms and conditions applicable to a distribution, as set forth . App won't let me submit for reimbursement. No, there will be no changes to accountholder account numbers. A custodian: Is responsible for protecting the employee, managing the account, communications, account opening process, funds movement, regulations & compliance, and more. Alegeus Technologies is a leader in the consumerdirected account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. Her proven track record of success in driving accelerated revenue growth, product and market expansion will greatly benefit our partnersthe backbone of our organization, said Leif OLeary, CEO, Alegeus. In this video, we explain why Alegeus is committed to amplifying our partners' voices, values and brands. Investing through the WealthCare Saver investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement(s). Data privacy and security practices may vary based on your use, region, and age. Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. Over 15 million American families carry our health spending debit cards. Were proud to offer the industrys most innovative healthcare payments platform, providing essential spending, saving and investing capabilities. Please enable javascript to improve your viewing experience. No changes to how you manage your HSA program. We are working to minimize the impact of this transition as much as possible. 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. The account is not subject to a funds inaccessibility window or spendingfreeze as a result of the custodial transition. Employee experience: We currently offer two products: Administrative APIs and Participant APIs. With the WealthCare investment platform, you only need an HSA cash account balance of $500 to start investing. Add Company ID: I900808825 to your ACH Bank filters for HSA funding with your bank. 1601 Trapelo Road | Main Building, Suite 301. This is a multi-location business. Complexity, Handled With the industry's most comprehensive API solution, Alegeus simplifies administration of even the most complex plan designs. Prior to Elevate, she served as chief growth and marketing officer at benefitexpress, which was acquired by Wex (NASDAQ: WEX), a leading global benefits company. Alegeus Technologies is a leader in the consumer-directed account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. 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. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. 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. Attorney and policy expert Jason Lacey shares strategies for benefits professionals to remain compliant while helping employers support their impacted employees. HSA investments offer an unparalleled tax advantage that even a traditional retirement account like a 401(k) or IRA simply cant match. At Alegeus, we believe in the extraordinary power of partnership. You may close this window or login again. International Association of Better Business Bureaus. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Alegeus has led the consumer funding technology industry for more than 20 years, providing support to health plans and TPAs, and delivering a white-label HSA solution that will help you earn new revenue, achieve speed to market, manage operational costs and more. Melanie Hallenbeck is Chief Growth Officer at Alegeus, leading the company's go-to-market strategy. No, there will be no funds inaccessibility window to facilitate the custodial transition. Our partnerships with the industrys leading health plans, third-party administrators, financial services and benefit solution providers give Alegeus unparalleled reach in the market, with access to more than 100 million commercially insured Americans. With more than 25 years of growth and innovation, Alegeus is the market leader in SaaS-based healthcare payment solutions. Well guide you through the process. SOC 2 Type 2, GDPR, CCPA compliant. BBB Business Profiles generally cover a three-year reporting period. The developer provided this information and may update it over time. I called once again on the 10th to ask why this fee was charged without informing me and was told that it would be looked into and I'd hear back on April 12th, which has also not happened.So I am left with a mere $14.92 out of a contributed $83.32 to my HSA. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. A simple, sleek and intuitive interface matches the online and app experience the modern consumer has come to expect. More information, including Brands Sold, Products Sold, Month in Operation, Provides Delivery, Pet Friendly and more. Alegeus WealthCare Admin. No changes or impact to debit cards, online/mobile apps, bill payment, etc. Consumers will have two ways to save HSA funds. Alegeus Technologies is a leader in the consumer-directed account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. This means that PNC Bank has agreed to resign as the custodian and will assign WealthCare Saver as the successor custodian. These substantiation rules are longstanding, and there were no changes to the rules in the proposed regulations. Need to find a different location? All rights reserved. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. Account holders will be directed to a new Terms and Conditions document in their letter and should also add WealthCare Saver as an approved sender to their email accounts to ensure any messages do not get automatically filed as junkmail. Please enable javascript to improve your viewing experience. The health savings account (HSA) market has become increasingly complex and competitive in recent years. What do you think? They may continue using their cards leading up to and following the transition. This change has no impact on the additional Spending Account types Independence offers: Health Reimbursement Accounts (HRAs) or Flexible Spending Accounts(FSAs). Please enable javascript to improve your viewing experience. In March 2022 my HSA was transferred to WealthCare after I changed jobs. We deliver exceptional user experiences and differentiated capabilities that help our partners strengthen their product offerings, operate more efficiently, and unlock their full growth potential. The transition does not require employee action. For information regarding underlying investment expenses, earnings, and distributions, see the applicable investment prospectus and other publicly available information. It keep shutting off the app when I hit the link to submit payment. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. 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. The balance in deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount permitted under FDIC guidelines. Why? Our client partners are at the center of everything we do. Alegeus provides software and services to support the administration of health-related consumer-directed accounts, such as health savings accounts and flexible spending accounts. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. We never compete with our clients in the market we win when they win. European Teaching Rankings 2018. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. In addition, we are an HSA custodian and provide the WealthCare Saver solution directly to consumers. World University Rankings 2023. Meanwhile, the WealthCare Saver custodial solution delivers on the important custodial requirements of an HSA in a private labeled fashion, eliminating some of the unnecessary overhead and inefficiency of third-party banks. Again, this helps demonstrate why your employers should want to work with a compliant administrator, lest they invalidate their entire plan. Alegeus is the market leader in SaaS-based benefit funding and payment solutions. Investing your HSA funds may be a great option for you. All rights reserved. Want your HSA money to make you money? Bonus fact: Any investment earnings you make with your HSA are tax free! Their account history will remain intact leading up to and following the transition. In addition, you may choose to have CAPTRUST manage your HSA account on a discretionary basis. Please note the following: Your administrator must create an account for you prior to your first login. Following these rules helps ensure compliance and reduces the risk of audits and penalties. We encourage you to take this opportunity to review your substantiation procedures and make any necessary adjustments to ensure the long-term success of your FSA plans and continue providing maximum value to your employee customers. This memo serves to reinforce the importance of operating within the rules and helps you demonstrate to customers that youre not imposing undue scrutiny, but simply helping them to remain compliant. This is an important period of time used to transfer over balances and audit to ensure accuracy. WealthCare Saver is a leading custodian of health savings accounts (HSAs) with long-standing experience in the market. I called again and was told that the fees 'couldn't be reversed as they were legitimate.' The blackout period will run from October 31st to November 4th. Safety starts with understanding how developers collect and share your data. BBB is here to help. Read through the Account Holder Communications under the Important Documents tab and familiarize yourself with this site. This site requires javascript to display properly. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. Consumers can access their HSA account and invest in real time (on both mobile and desktop) without leaving the Alegeus platform. %PDF-1.6 % If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. This site requires javascript to display properly. I only became aware that I have been having fees applied on my account in March 2023, when I needed tax information. Young University Rankings 2022. Our client partnerships extend beyond the technology, as we lean in with you to drive adoption and usage ensuring your programs success, now and into the future. A depository: The depository is the underlying bank holding the non-invested funds. 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. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. With WealthCare, access your latest account information at your fingertips. 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. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. As noted by the ECFC, this may also be an indication that plans will be more closely scrutinized during audits. Registered in all 50 U.S. states. Enter your Employee ID. https://wealthcare.wealthcareportal.com/Page/PrivacyPolicy. DriveWealth, LLC, a registered broker dealer and member of FINRA and SIPC. 0 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. No impact to debit cards, mobile apps, online portals, credentials, or account history before, during, nor following the transition. Built by a deeply knowledgeable HSA and investment product team and powered by an API-driven, cloud-based brokerage platform the investment solution features auto-rebalancing, on-demand investment statements, historical performance of available funds, and an impressive investment stack: The WealthCare Saver HSA experience lives within a single platform for a seamless user experience. Read about trends and forces shaping the benefits landscape. Investments funds will automatically be liquidated on October 24th. In 2016 the Franche-Comt rgion was joined with the neighbouring rgion of Burgundy to form the new administrative entity of Bourgogne-Franche-Comt. Learn how Alegeus can help you unlock the full potential of your account-based programs through our flexible solutions, continuous innovation and collaborative partnership model. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. This is a legal change to the HSA custodian with minimal employee-facing impact, other than communications. By leveraging our best-in-class technology and their industry-leading service and solutions, Alegeus clients are realizing the highest customer satisfaction (NPS) scores in the industry nearly +50 points higher than our closest competitors. Be the first to review! Login | Alegeus Technologies Login We will maintain the confidentiality of your personal information in accordance with our privacy policy. This site requires javascript to display properly. 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). Using a powerful combination of AI technology, data insights, and subject matter expertise, we guide our users as they navigate their healthcare journey. Your investment accounts can be created and managed through the WealthCare portal. With our SMART Account functionality, discover ways to stretch your healthcare dollars in real time. Managing your benefit account (s). No bank transfers, investment liquidations, spending freezes, or opt-in actions. southern district of texas,
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