Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAKE GENEVA, Wis. – With the number of employers expected to offer High Deductible Health Plans, current open enrollment periods are a golden opportunity for credit unions to offer Health Savings Accounts (HSAs) to business clients. “Financial institutions that wish to offer HSAs in 2006 must get set up to offer HSAs now,” said Viki Morales spokesperson for HSA Clearing, a turnkey HSA program provider. “They need to start marketing now, informing their business clients that the HSA can be set up and held locally at their credit union. They may not have to open an account until 2006, but they must begin contacting their members to let them know they will be able to accept the accounts.” Morales adds that once group HSAs are set up elsewhere, it is difficult to get the employer to change, so it is vital that financial institutions begin educating their members now during the open enrollment period if they are to capture these accounts.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.