Introducing the New FlexHSA

Flexible Benefit Service Corporation Introduces Enhanced FlexHSA

New Banking Institution, Reduced Pricing, Improved Web Access And Additional Tools Now Available!

ROSEMONT, Ill. (September 1, 2009) – Flexible Benefit Service Corporation (Flex) today announced the launch of its completely redesigned Health Savings Account (HSA) product, FlexHSA®.

The new FlexHSA offers many enhanced tools and resources, including:

  • A new web site at www.flexhsa.com
  • Improved online access and banking
  • The FlexMoney™ MasterCard® debit card
  • ClaimsVault™
  • Calculators and decision support tools

Additionally, FlexHSA deposits will be held by a new financial holding company, which will provide enhanced bank account services and security.

“The new FlexHSA is an outstanding example of our commitment to strengthen and expand our products and services” said John DiVito, president of Flex. “We will continue to bring innovative products to the marketplace that give employers, employees and individuals the resources to choose how their healthcare dollars are put to work.”

Enhanced FlexHSA

The new FlexHSA also offers an employer-based model that enables employers to integrate HSAs for those employees enrolling in qualified High Deductible Health Plans (HDHPs). The optional employer HSA solution gives employers the tools they need to properly administer and contribute to employee HSAs. FlexHSA provides employers with secure, online access to coordinate employee contributions, track enrollment rates, update employee information and more.

An advanced feature of the new FlexHSA is the addition of ClaimsVault ™.This online resource provides accountholders with an electronic shoe-box that lets them enter and electronically store distributions and receipts for as long as their FlexHSA remains active.

Millennium Trust Company will remain as custodian to FlexHSA, and continue to offer the HSA markets’ most comprehensive investment package, now called Portfolio Online. This self-directed investment platform enables account holders to buy, sell and hold various investments in their HSA investment account, monitor their positions and more.

For more information about FlexHSA, visit www.flexhsa.com or call 888-FLEXHSA.

About Flexible Benefit Service Corporation
Flexible Benefit Service Corporation (Flex), headquartered in Rosemont, Ill., is a General Agency and Benefits Administrator. Founded in 1988, Flex is committed to finding solutions for rising healthcare costs and promoting plans that offer premium relief. Flex is at the forefront of all the latest trends and key options in health insurance and benefits administration. FlexHSA is a registered mark of Flexible Benefit Service Corporation. For more information, visit www.flexiblebenefit.com.

About Millennium Trust Company, LLC
Millennium Trust Company is an independent trust company and leading provider of administrative and custody services. Millennium custodies alternative and traditional assets in a suite of Health Savings Account solutions, self-directed IRAs and Solo 401(k)s, customized Automatic Rollover programs and Advisor Services. Located in Oak Brook, Illinois, Millennium Trust Company provides administrative and custody services for over 60,000 accounts held throughout the United States.For more information, visit www.mtrustcompany.com.

The FlexMoney Card® is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. 

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