My Health And Money Chosen For SelectAccount's New WalletDoc Health Cost-Saving Tool

CHICAGO - April 7, 2015 - PRLog -- My Health and Money LLC, a unique, cost-saving solution for employees and consumers managing high-deductible plans, has been selected as an integral component of SelectAccount’s new WalletDoc cost saving tools.  My Health and Money and SelectAccount are innovators in how to support and guide sound decision making in this era of high-deductible health plans.

My Health and Money provides employees and consumers with money saving tools for out-of-pocket health care costs, by providing cost transparency for hospital procedures and diagnostic tests - plus discounts, medical bill negotiations, peer networking, education and more. The My Health and Money solution supports the transition to high-deductible plans by providing the information individuals need to shop for healthcare.

SelectAccount is a leading provider of health savings accounts.  WalletDoc, SelectAccount’s new one-of-a-kind resource, is designed to stretch health care dollars further. The valuable benefits provided empower individuals to take control regardless of where they are along the continuum of care – considering treatment options, selecting a care facility, seeking savings or needing financial help for an expense already incurred. These benefits are the result of strategic relationships with leading consumer technology platforms including the proven My Health and Money solution.

“With the growth of consumer directed health care, people are not only faced with the challenge of saving to pay for health care expenses but they need to be savvy health care shoppers as well,” according to David Cantu, SelectAccount vice president of marketing, sales and public relations.  “Employers are moving towards Consumer Directed Health Plans (CDHPs) for their employee populations with little or no access to cost effective consumerism tools to complement the CDHP health benefit. To address the need for comprehensive information in a convenient location, SelectAccount has integrated My Health and Money into the WalletDoc platform.”

“Everyone is concerned about rising health care costs, and loss of financial control,” says My Health and Money CEO and co-founder, Evelyn Engert.  “Bringing transparency and health management tools to the forefront encourages confidence and collaboration with providers,” adds Engert.

My Health and Money helps employees manage high-deductible coverage by showing them how to reduce out-of-pocket expenses.  SelectAccount and My Health and Money share a common vision to support and guide health care decision making, saving both employers and employees money.

My Health and Money has combined a group of healthcare services and discounts in a one-stop-shop that is designed to save consumers money on out-of-pocket healthcare costs.  The cost lookup provides prices for diagnostic tests and hospital procedures by facility by zip code. For example an individual can save hundreds of dollars on an MRI by choosing a quality facility with a lower charge using cost comparisons that have not been available before.  There is a bill negotiator that works to reduce the portion of medical bills that consumers are left with after the insurance portion has been paid. Plus site users will find healthcare discounts for services not otherwise covered by insurance, social networking to encourage discussion among groups of individuals with similar health conditions, experts including telemedicine and mental health services, and more.

For information or consumer subscriptions, visit www.myhealthandmoney.com  or call 773-275-8000.

MEDIA CONTACT:
Kelly Wisecarver, Wisecarver Public Relations
773-338-2477 or kelly@wisecarverpr.com

About My Health and Money

Since 2009, My Health and Money’s cost transparency solution has provided employers with a valuable advisory service to help employees navigate the health care system and save money.  The company’s total support system brings cost transparency, health care savings and health management tools showing employees and consumers how to take control of both care and cost decisions.  Now that financial risk is shifting to employees, information and support are more important than ever as employees try to understand their choices and make better decisions about affordable care that doesn’t compromise quality. Visit www.myhealthandmoney.com  to learn more.

About SelectAccount

SelectAccount has been driving innovation in medical savings administration for over 25 years.  They offer a full suite of tax-advantaged solutions - HSA, HRA, FSA, VEBA, transportation and dependent care accounts to meet client’s changing needs as they plan for their health care expenditures.  They are one of the leading medical savings administrators in the country managing more than half a billion dollars in consumer medical account savings assets integrated with numerous partner data exchange connections, serving 7,000 employers with account holders in all 50 states.  MII Life, Inc., d.b.a. SelectAccount has been approved by the U.S. Department of Treasury as a non-bank HSA Trustee.  SelectAccount is headquartered in Eagan, Minnesota with an office located in Chicago, Illinois.  Visit www.SelectAccount.com to learn more.