Monday, August 13, 2007

New Web Store Geared To Managing HSA Pharmacy Charges Launched by Drugstore.com In what is one of the most significant offerings in support of consumers using HSAs, drugstore.com, inc. has created an online store designed for Health Savings Account (HSA) holders. An estimated 8 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses. 9:07:48 PM    comment []

Quality Checks on Pharmacy Benefit Management Programs Pharmacy benefit management organizations (PBMs) now can seek URAC’s quality seal of approval with the introduction of the first-ever voluntary accreditation standards for the industry. For employers and employees, this approach represents another step in providing guidance on choosing a plan that can be effective for specific organizations. 8:49:23 PM    comment []

Despite Industry Stakeholder Concerns, Second Quarter HSA Growth Significant Second quarter account growth (16%) for Health Savings Accounts (HSA) was lower than in the first quarter (22%) but still on target to reach 8 million by the end of the year, according to Information Strategies, Inc. (ISI). During the same period, deposits grew at a 26% rate versus the first quarter increase of 22%, to $7.8 billion, according to the parent of www.HSAfinder.com. The company has been tracking HSA insurance coverage and custodial accounts since their inception, utilizes reports from custodial institutions across the country, and is the most detailed in the industry. 9:43:34 AM    comment []

© Copyright 2007 Information Strategies, Inc.. Last update: 9/12/2007; 10:41:07 AM.