benefitsCONNECT® and HSA Bank Partner to Simplify Health Savings Account Enrollment

Elk Grove, CA, October 19, 2009 -- benefitsCONNECT®
(http://www.benefitsconnect.net) announced today that it added HSA Bank as a
Health Savings Account (HSA) administrator option in its web-based benefits
enrollment and administration system. The partnership allows employees to
enroll in an HSA-compatible health plan and HSA with HSA Bank at the same
time.

"HSA Bank has maintained a leadership position in the HSA market since 1997
by offering a complete HSA product and exceptional service," said Troy
Underwood, president of benefitsCONNECT®. "We believe that HSA Bank's
leadership, product, and service combined with the benefitsCONNECT®
integrated enrollment technology will give agents and brokers a significant
competitive advantage in the marketplace."

benefitsCONNECT® automates and simplifies online benefits enrollment and
administration, increasing efficiency through a sophisticated, EDI-enabled
Software as a Service (SaaS) platform. In addition, benefits communication
tools help employers communicate the value of their benefit offerings and
increase overall company satisfaction.

"benefitsCONNECT® allows employers to administer their benefits package
through a single online portal," said Itamar Romanini, senior vice president
of business development for HSA Bank. "We believe the convenience of the
benefitsCONNECT® platform will be useful to many mid-sized employers that
currently administer their benefits manually or through multiple systems."

HSAs are a cost-effective solution that can reduce the cost of health care
through lower premiums and fewer claims. Individuals can contribute and grow
their money in an HSA on a tax-free basis. Plus, the funds withdrawn from
the HSA for eligible medical expenses are not taxable and leftover funds can
be carried forward into the next year or saved for retirement.

About Transcend Technologies Group

Transcend Technologies Group, Inc. (dba benefitsCONNECT®) is a privately
held company that specializes in Internet-based software applications for
the health insurance and benefits industry. Transcend licenses
benefitsCONNECT® for online enrollment and benefitsCONNECT® agencyMANAGER
for benefits administration. Transcend has established clients in 43 states
who entrust their book of business to benefitsCONNECT®. For more
information, visit http://www.transcendtechgroup.com/, or contact Ja'Nene
Kane at (916) 421-4000 x1019 or jkane[at]benefitsCONNECT.net.

About HSA Bank

HSA Bank serves customers in every state in the nation and has more than 12
years of experience with healthcare savings accounts. HSA Bank continuously
strives to offer the best HSA product in the industry. HSA Bank combines
convenience, service, and savings with low account maintenance fees,
competitive interest rates, several investment options, 24-hour account
access online or through its automated telephone system, and outstanding
personal service. HSA Bank is a division of Webster Bank, N.A., member FDIC.
Webster Financial Corporation (WBS) is the holding company for Webster Bank.
For more information about HSA Bank, visit http://www.hsabank.com/, or
contact Patrick Rose at (920) 803-4151 or mediarequests[at]hsabank.com.

The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com. human resources management resources for hr professionals. | HR menus | HR events | HR Sitemap