DALLAS, TEXAS: June 26, 2006 - Affiliated Computer Services, Inc. (ACS), a premier provider of business process outsourcing and information technology solutions, announced today that the ACS/Mellon HSA Solution has now established more than 100,000 Health Savings Accounts (HSA). The 100,000 accounts represent more than 200,000 individuals benefiting from this tax-free vehicle to save for and purchase medical services.
The ACS/Mellon HSA Solution ranks among the top five HSA administrators in total HSA accounts, according to Inside Consumer-Directed Care, an industry publication that tracks HSA data.
The number of HSAs administered by the ACS/Mellon HSA Solution has grown by five times since the fourth quarter of 2005. This growth exceeds the industry average; overall enrollment in HSAs has tripled since March 2005, according to a study of member companies of America´s Health Insurance Plans.
"The advantages of HSAs are becoming more widely understood by both employers and employees," said Gregg Larson, ACS´ National HSA Product Leader. "As this trend continues, we expect the explosive increase in HSA enrollments to continue."
More than 2,700 employers have selected the ACS/Mellon HSA Solution for their employees, either through their health plan or through direct contracting with ACS. ACS provides its HSA products and services through a network of health plans, third party administrators, and large employers. It has grown this network of distribution partners from 13 in January 2005 to more than 50 today.
Through its relationship with Mellon Financial Corporation, ACS offers a complete range of services for health plans and employers who wish to offer HSAs to members and employees.
The ACS/Mellon HSA Solution has created the EmployerDIRECT process for employers requiring a single HSA administrator. This is becoming the preferred method for employers maintaining contracts with multiple health plans.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing, and payment solutions and investor services. Mellon has approximately $4.9 trillion in assets under management, administration or custody, including $808 billion under management. News and other information about Mellon is available at www.mellon.com.
ACS, a global FORTUNE 500 company with more than 55,000 people supporting client operations reaching nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company´s Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company´s control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company´s prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
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