Millennium Trust Company Unveils New Resources to Complement Its Health Savings Account(HSA) Solutio

Jan. 9, 2009 - PRLog -- Millennium Trust Company, LLC, a leading Health Savings Account (HSA) custodian, launched its employer kit and My FlexHSA® website to help employers and employees understand the important information surrounding HSAs.

As healthcare costs continue to rise many employers and individual consumers are choosing Health Savings Accounts as a viable option. An HSA is a triple tax-advantaged account that allows an individual to accumulate funds to pay for current and/or future medical expenses tax-free.

As consumer-driven health plans continue to grow in popularity and expand across the country, the amount of information about these accounts can be overwhelming. With that in mind, Millennium created a single resource center providing employers and employees simple, convenient access to the latest information about HSAs.

“Millennium Trust realized the importance of providing comprehensive information in one easy to access location. That’s why we built the My FlexHSA website,” explains Reggie Karas, SVP of Health Savings Accounts at Millennium. “Whether an individual wants to know contribution limits, open an account or view account activity, a simple visit to My FlexHSA is all it takes.”

The new website includes employer specific information, such as:
•   Enrollment and contribution options
•   Training and communication resources
•   Useful links to various HSA and government websites

Employee resources include:
•   How to make contributions
•   How to withdraw funds
•   Educational pieces like medical expense lists, fact sheets and more

FlexHSA is a registered mark of Flexible Benefit Service Corporation.

Millennium Trust Company, LLC leads the industry in administrative and custodial services. It offers flexible, easy to implement HSA solutions that help independent broker-dealers, clearing firms, investment professionals, financial institutions, and self-employed individuals. Millennium custodies alternative and traditional assets in Self-Directed IRAs, Solo 401(k)s, and 403(b)s; creates customized Automatic Rollover programs; and designs unique trading platforms for Investment Advisors. Located in Oak Brook, Illinois, Millennium is trustee and custodian to approximately 45,000 clients throughout the United States.

Flexible Benefit Service Corporation (Flex), headquartered in Rosemont, Ill., is a wholesale insurance firm and benefits administrator. It works directly with insurance brokers and offers a deep understanding of the individual and group health insurance markets. Flex is committed to finding solutions for rising healthcare costs and promoting the plans that offer premium relief. Through its innovative technology, strong industry relationships and superior customer service, Flex is at the forefront of the latest trends and key options in health insurance and benefit administration.