HOUSTON--(BUSINESS WIRE)--Empyrean Benefit Solutions, Inc., the Hi-Touch Benefits Administration company, announced today a partnership with HSA Bank, the Wisconsin-based bank that provides an array of consumer-directed health (CDH) accounts, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs).
Health accounts provided by HSA Bank will be securely accessible via Empyrean’s SaaS benefits administration and enrollment platform. Employees will have convenient, single sign on (SSO) access from the Empyrean benefits portal to their HSA Bank accounts and can view their account balance information directly within the benefits portal.
“HSAs are becoming an increasingly popular tool to help employees develop financial confidence and peace-of-mind with their health coverage and benefits package as a whole,” said Richard Wolfe, CEO and co-founder of Empyrean. “By directly integrating with HSA Bank, Empyrean users can connect to their benefits and accounts with easier, one-stop access. This partnership gives employers and employees the best of both worlds – a best-in-class benefits administration technology platform along with one of the nation’s leading HSA administrators.”
“HSA Bank’s integration with Empyrean will bring members one step closer to owning their health,“ said Kevin Robertson, Chief Revenue Officer of HSA Bank. “By combining health and financial information in one location, members will have an optimized experience and be better prepared to make informed healthcare decisions.”
“HSA Bank is one of the first and largest providers of Health Savings Accounts,” said Wolfe. “Their programs and technology solutions are comprehensive, and match Empyrean’s long term vision of connecting benefits to enrich the lives of employees, give HR professionals more control over their day-to-day work, and provide companies with analysis and predictability in one of their biggest costs.”
Empyrean Benefit Solutions manages employee health and welfare benefits programs, combining the industry’s most modern, client-adaptive, and configurable benefits technology platform with expert, responsive service to deliver Hi-Touch Benefits Administration. Empyrean provides market-leading enrollment, eligibility management, ACA reporting, and other plan administration services that empower employers, insurance brokers, and healthcare exchanges to meet ever-evolving benefit challenges. Founded in 2006, Empyrean’s integrated platform serves over three million annual participants across a wide spectrum of sizes, industries, and complexities. For more information, please visit www.GoEmpyrean.com.
About HSA Bank
HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefits. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires nearly 2.5 million members and more than 35,000 employer groups to own their health by making it easy to access, understand, and afford healthcare. As of December 31, 2017, HSA Bank had $6.3 billion in total footings comprising $5 billion in deposit balances and $1.3 billion in assets under administration through linked investment accounts. HSA Bank is a division of Webster Bank, N.A., Member FDIC. For more information, please visit www.hsabank.com.