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 order to ensure our members are aware that WealthCare Saver will be administering their Independence HSA plans, members will be notified via mail at least 30days prior to the March13 effective date, as required. 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. https://wealthcare.wealthcareportal.com/Page/PrivacyPolicy. WealthCare Saver will become the authorized, nonbank trustee responsible for managing the funds in an HSA account on March13. BBB Business Profiles are subject to change at any time. More information, including Brands Sold, Products Sold, Month in Operation, Provides Delivery, Pet Friendly and more. Read about trends and forces shaping the benefits landscape. Docs | All APIs - Alegeus Developer Portal We use cookies to optimize site functionality and give you the best possible experience. 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. Safety starts with understanding how developers collect and share your data. They can also select investment options through the WealthCare Saver investment solution if their balance is greater than $1,000. How BBB Processes Complaints and Reviews. Young University Rankings 2022. Home - Alegeus Developer Portal Alegeus WealthCare Administration System Welcome to Your CDH Account Administration Platform Please choose your login type below. 578 0 obj <>/Filter/FlateDecode/ID[<1F87C3843737B64DAA188332D0B2F9AB>]/Index[527 100]/Info 526 0 R/Length 161/Prev 215589/Root 528 0 R/Size 627/Type/XRef/W[1 3 1]>>stream Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. Attorney and policy expert Jason Lacey shares strategies for benefits professionals to remain compliant while helping employers support their impacted employees. No funds movement or transfer to facilitate the transition. Alegeus Technologies is a leader in the consumer-directed account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. HSA investments offer an unparalleled tax advantage that even a traditional retirement account like a 401(k) or IRA simply cant match. Please enable javascript to improve your viewing experience. WealthCare HSA Transition Site - Navia BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Our highly flexible, white-label platform powers account-based benefit programs including HSAs, FSAs, HRAs,. 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. The account is not subject to a funds inaccessibility window or spendingfreeze as a result of the custodial transition. 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. No, while the HSA Custodian is changing, the Employer and Navias responsibilities as part of the agreement will remain the same. Read through the Account Holder Communications under the Important Documents tab and familiarize yourself with this site. 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. 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. Debit cards, Account holders currently investing their Avidia HSA funds will not need to take action to liquidate those investments. 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 With the WealthCare platform, investing your HSA funds is as easy as 1, 2, 3! Please contact your Administrator for questions regarding access to this site or for questions about balances and statements. These substantiation rules are longstanding, and there were no changes to the rules in the proposed regulations. I understand that I may consult a tax professional or legal counsel. Again, this helps demonstrate why your employers should want to work with a compliant administrator, lest they invalidate their entire plan. CapFinancial Partners, LLC (CAPTRUST) is an investment adviser registered under the Investment Advisers Act of 1940. hb```c``@(a?PIN k5p,QtsG1N*'"vvz\F9` ~7!H AKJAxe3051103^dd`X|.4:@33ndf,P4.@ @\f@VH-g4#m mS)`.%vN2MM;ZN Following these rules helps ensure compliance and reduces the risk of audits and penalties. Following the transition, WealthCare Saver becomes the non-bank trustee and PNC remains the depository. The developer provided this information and may update it over time. Health Savings Accounts (HSA) | Alegeus 1901 Market Street | Philadelphia, PA 19103. Previously, she was senior vice president at WageWorks, leading the organizations health plan partner channel business. 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. A depository: The depository is the underlying bank holding the non-invested funds. DriveWealth, LLC, a registered broker dealer and member of FINRA and SIPC. Alegeus is the market leader in SaaS-based benefit funding and payment solutions. The blackout period will run from October 31st to November 4th. Bourgogne-Franche-Comt (French pronunciation: [bu f kte] (); lit. 0 We are working to minimize the impact of this transition as much as possible. All rights reserved. Using a powerful combination of AI technology, data insights, and subject matter expertise, we guide our users as they navigate their healthcare journey. Accountholders may continue to use their online accounts and user credentials. We are excited to welcome Melanie to Alegeus. The notice will include information about the new terms and conditions governing their account including the new accountholder agreement. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. 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. %%EOF The WealthCare Saver HSA experience guides consumers to make better healthcare decisions. neither WealthCare Saver*, nor its affiliates, shall be held liable for any adverse consequences that may result. Well guide you through the process. However, the memo serves as a reminder to FSA administrators about the importance of proper documentation for expenses claimed through FSAs. Your investment accounts can be created and managed through the WealthCare portal. Read about trends and forces shaping the benefits landscape. BBB Business Profiles may not be reproduced for sales or promotional purposes. This is an important period of time used to transfer over balances and audit to ensure accuracy. Complexity, Handled With the industry's most comprehensive API solution, Alegeus simplifies administration of even the most complex plan designs. %PDF-1.6 % In this video, we explain why Alegeus is committed to amplifying our partners' voices, values and brands. The region is dominated by the Jura Mountains, and much of . 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. Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. Bonus fact: Any investment earnings you make with your HSA are tax free! WealthCare - Apps on Google Play 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 $83.32 transferred to my Fidelity account. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. Powered by our scalable, customizable SaaS-based platform, Alegeus clients are growing and driving account adoption at a pace that is 3-4X the market. Click here to download details: https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l Please note the following: Your administrator must create an account for you prior to your first login. 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. 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. 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. Thank you for using WealthCare Administration System. Powered by Alegeus, Wage Parity can better serve agencies and their employees as New York increases minimum hourly homecare wage. Let us help Don't have an account? PDF HSA Account Closure Request - Microsoft 151-200th. 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. Universit Bourgogne Franche-Comt (UBFC) 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. That is, if you are calling REST APIs to drive multiple channels (i.e., portal, mobile, IVR), have each channel use a different user ID. No changes or impact to debit cards, online/mobile apps, bill payment, etc. Alegeus provides software and services to support the administration of health-related consumer-directed accounts, such as health savings accounts and flexible spending accounts. Were announcing an update regarding the custodian of your employees HSAs. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. News about Employer and Consumer Business. We currently offer two products: Administrative APIs and Participant APIs. Alegeus Technologies is a leader in the consumerdirected account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. Account APIs Manage all participant accounts, including adding/deleting employees, resetting passwords, and updating participant contact information. Will this change require a new service contract or amendment? All rights reserved. WealthCare Saver leverages all the current HSA functionality and features you know, but includes a fully integrated, modern investment experience. Franche-Comte | History, Culture, Geography, & Map | Britannica As a matter of policy, BBB does not endorse any product, service or business. Custodians typically perform functions such as producing required tax reporting, providing required account disclosures or communications, and establishing customer identification processes. 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. Alegeus Technologies, LLC Company Profile - Dun & Bradstreet We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. Self-Service Portal Sign In Self-Service Login Please enter your User ID & Password below to access your secure account. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Our product and market experts share the top five trends anticipated to drive the healthcare and benefits space this year. IRS Chief Counsel issues memo reiterating FSA substantiation 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. Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. Registered in all 50 U.S. states. You are encouraged to deliver an employee notification email on February 4, 2021. Alegeus | LinkedIn Overview. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. Important update regarding the custodian of your employees' HSAs 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. Our client partners are at the center of everything we do. I acknowledge that I have read and understood the terms and conditions applicable to a distribution, as set forth . Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. Ms. Nicole Gardner, Senior Director Compliance. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. 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. In 2016 the Franche-Comt rgion was joined with the neighbouring rgion of Burgundy to form the new administrative entity of Bourgogne-Franche-Comt. 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. With more than 25 years of growth and innovation, Alegeus is the market leader in SaaS-based healthcare payment solutions. Check out our latest resources and actionable insights. Backed by Pacific Life, the new option allows HSA account holders to take advantage of some of the highest interest rates in the market. Learn More Experienced 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. CapFinancial Partners, LLC ("CAPTRUST") is an investment adviser registered under the Investment Advisers Act of 1940. 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. Thus, as required by the existing custodial agreement, the only employee impact is notification delivered via two communications: Submit Employee Enrollments & Terminations. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Be the first to review! Along a rushing river, on the shaded esplanade of a Roman basilica or on the urban quay sides of a bustling city; at the summit of a mountainous ridge, on a path . Today, PNC serves as both the HSA custodian and depository. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Investments funds will automatically be liquidated on October 24th. Nothing about the day-to-day operation, employee account usage, or teams supporting the HSAs change. A custodian: Is responsible for protecting the employee, managing the account, communications, account opening process, funds movement, regulations & compliance, and more. This is a multi-location business. Its critical all of value-add components of an HSA complement and build upon each other both in value to employees and sequentially as we work with our partners to build them. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. No bank transfers, investment liquidations, spending freezes, or opt-in actions. The Find Care feature allows consumers to search for in-network procedures, facilities and doctors with associated cost and quality information, and the Opportunities feed provides personalized actions and suggestions for smarter healthcare spending decisions. Alegeus recommends utilizing a different REST user configuration on a "per platform" basis. 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. 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. 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. 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. Participant Portal - WealthCare Admin No, there will be no funds inaccessibility window to facilitate the custodial transition. Review any internal documents or links you may have that reference Avidia. Because you never pay taxes on earnings or withdrawals for qualified medical expenses!
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