Blue Cross and Blue Shield of Vermont (BCBSVT) have endorsed First HSA to provide HSA account services for its enrollees in HSA-compatible high deductible health plans.  Blue Cross and Blue Shield of Vermont is a leading insurer in consumer directed healthcare and has the highest percentage of enrollees in health savings accounts in the country.  Blue Cross and Blue Shield of Vermont has chosen First HSA for its leadership, innovative product design, and the value-add services provided to its clients.

First HSA is a nationwide HSA administration company located in Reading, Pennsylvania.  First HSA provides account administration that includes an FDIC insured checking account with unlimited check and debit card access to the funds. First HSA provides competitive interest rates, some of the highest in the country, monthly statements, 24-hour telephone banking, live customer service, and all IRS reporting.  In addition, First HSA is launching a new internet platform that will allow clients to access the checking account information and self direct monies into investment options including mutual funds and asset allocation models.  The site will also track qualified healthcare expenses not subject to the health plan deductible and can provide information from the insurance company so clients can view claims information on their insurance plan.

Other services include electronic personal health records, second opinion programs and information on the costs of healthcare services.  First HSA also provides employer education tools and educational seminars for insurance agents, employers and employees.  Enrollment processes are automated and available on-line for customer convenience.

Blue Cross and Blue Shield of Vermont offers several HSA-compatible High Deductible Health Plan options to Vermont employers and their employees.  HSA Blue and HSA Blue Care health plans may be purchased with first-dollar coverage for preventive care services.  All BCBSVT members who have an HSA-compatible High Deductible Health Plan also have online access to the Health Advisor suite of consumer information featuring an extensive medical encyclopedia, hospital comparisons, treatments cost comparisons and prescription drug alternative and cost information.

William J. West Jr. MD, President of First HSA stated, “Blue Cross and Blue Shield of Vermont is a leader in providing HSA compatible high deductible health plans.  We are delighted to be chosen as a preferred administrator for BCBSVT and look forward to providing an unsurpassed product to the people of Vermont.”

Richard Taylor, Corporate Product Developer for BCBSVT stated, “We are very pleased to add First HSA to our panel of preferred HSA administrators.  While each of the preferred administrators working with Blue Cross and Blue Shield of Vermont bring high standards and capabilities in the HSA market to Vermont businesses, each also has its own unique characteristics and services.  By adding First HSA, we’re confident that Vermont business owners and HSA holders will enjoy excellent service and innovative features.” 

About Blue Cross and Blue Shield of Vermont:

Blue Cross and Blue Shield of Vermont is the state’s oldest and largest private health insurer, providing health benefits coverage for about 180,000 Vermonters. It employs more than 350 Vermonters at its headquarters in Berlin and branch office in Williston, and offers group and individual health plans. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at www.bcbsvt.com. Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.

About First HSA:

First HSA was founded in 1999 as First MSA, Inc.  First HSA is a nationally recognized leader in health savings account administration.  Located in Reading, PA First HSA has partnered with leaders in the HSA marketplace to provide products that are leading the way in the new consumer directed healthcare revolution.  First HSA has an informative website at www.1hsa.com to assist current and prospective clients with information about health savings accounts.

Contact First HSA, Christie Gallegos, Director of Account Administration, 610-678-6000 ext. 101.  Contact BCBSVT, Richard Taylor, Corporate Product Developer, 802-371-3398.