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Canopy Financial is making health savings accounts the new green.The health care banking technology solutions provider based in San Francisco has created an offering designed to appeal to clients interested in providing more environmentally friendly, sustainable products and services.The Green HSA offers consumers a 100% paperless account from enrollment to account management, with electronic statements and expense categorization for health care expenditures.According to PayItGreen.org, paperless HSAs could eliminate over 39 million pounds of wasted paper, save over 474,000 trees and avoid release of over one billion pounds of greenhouse gas emissions annually.“More and more Americans are taking greater control of their health care choices enrolling in consumer-directed health care plans. At the same time, consumers increasingly view companies that offer sustainable products and services as preferred vendors. With the health care and banking industries cluttered with paper and unnecessary offline administration, Canopy’s Green HSA is a bold step toward reducing administrative costs while benefiting our environment,” said Canopy CEO Vik Kashyap.The Green HSA features also include mobile phone connectivity for health care banking alerts and real-time online credit decisions. Plans are also underway to include access to mutual funds which invest exclusively in environmentally friendly companies, along with access to information on preferred environmentally conscious health care facilities and service providers.Serving health care and financial institutions, Canopy powers the development and delivery of complete health care banking services for both consumers and businesses.–mdigiovanni@cutimes.com

Peter Westerman

Credit Union Times

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