In addition, we are an HSA custodian and provide the WealthCare Saver solution directly to consumers. This is a legal change to the HSA custodian with minimal employee-facing impact, other than communications. Built by a deeply knowledgeable HSA and investment product team and powered by an API-driven, cloud-based brokerage platform the investment solution features auto-rebalancing, on-demand investment statements, historical performance of available funds, and an impressive investment stack: The WealthCare Saver HSA experience lives within a single platform for a seamless user experience. Copyright 2023 WealthCare. All you need is an HSA cash account balance of $500. We encourage you to take this opportunity to review your substantiation procedures and make any necessary adjustments to ensure the long-term success of your FSA plans and continue providing maximum value to your employee customers. This app may share these data types with third parties, I barely downloaded the app yesterday registered and although I can see my account whenever I select the option (Investments) the app crashed and it does this every time. With Smart Account functionality, state-of-the-art investments and enhanced-yield savings, WealthCare Saver HSA delivers value at every stage of the consumer lifecycle spending, saving and investing. Mark Waterstraat, chief customer officer, explains the ins and outs of COBRA, including eligibility, costs, deadlines and more. By leveraging our best-in-class technology and their industry-leading service and solutions, Alegeus clients are realizing the highest customer satisfaction (NPS) scores in the industry nearly +50 points higher than our closest competitors. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at . *\l:'pAYb&fe`7}T ^j Let us help Don't have an account? Were announcing an update regarding the custodian of your employees HSAs. Earlier in her career, she held senior sales roles at ADP and Progressive Benefits Solutions. However, the memo serves as a reminder to FSA administrators about the importance of proper documentation for expenses claimed through FSAs. Investing your HSA funds may be a great option for you. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. The new capability greatly simplifies the complexity of open enrollment for participants and administrators. Melanie will play an integral role in helping partners to achieve sustained growth through our unique partner-powered business model fueled by her extensive industry expertise, her intimate knowledge of our partners businesses, and her deep experience in driving go-to-market strategies for account-based benefit programs., I have long admired Alegeus, both as a client and as a market player in consumer-directed healthcare, said Hallenbeck. Employers found out of compliance could be held responsible for all back payroll taxes and associated penalties, issuance of corrected W2s which would then require all employees (past and present) to file amended tax returns, likely resulting in additional taxes and penalties. Alegeus is uniquely positioned to drive your future success Our innovative solutions deliver tangible value for you, your customers and members - delivering flexibility to design and deploy a truly differentiated product experiences that will delight your customers and achieve your business goals. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l Contact Information 1601 Trapelo Rd Lbby 2 Waltham, MA 02451-7357 Get Directions Visit Website (800) 369-9794 This business has 0 reviews Customer Complaints 14 complaints closed in last 3 years 8. You may close this window or login again. Along a rushing river, on the shaded esplanade of a Roman basilica or on the urban quay sides of a bustling city; at the summit of a mountainous ridge, on a path . %%EOF There are also no spending freezes associated with this transition. This is a multi-location business. For a weekend, a week or longer, Bourgogne-Franche-Comt is a region on a human scale that brings together nature and culture and exercises the head, the taste buds and the legs. With more than 25 years of growth and innovation, Alegeus helps our clients (and their customers and participants) achieve new levels of success using account-based programs. As a result, your employees HSAs will be migrated to our new WealthCare Saver HSA product. What is the blackout and why is it important? No bank transfers, investment liquidations, spending freezes, or opt-in actions. We are excited to welcome Melanie to Alegeus. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. Through the Wealthcare Saver HSA, they will have the ability to reinvest those funds on November 4, Account holders that contribute outside of payroll, or otherwise have their HSA routing and account number on file for transfer or bill pay arrangements, will need to update their information with their new routing and account number for their WealthCare Saver HSA. I acknowledge that I have read and understood the terms and conditions applicable to a distribution, as set forth . She did not inform me that when I had my account closed and moved to Fidelity, which was finalized on April 10th, I would be charged an additional $25 for absolutely no reason. On the evening of November 4th, Avidia HSA funds will be available in the new Wealthcare Saver HSA. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. Today, PNC serves as both the HSA custodian and depository. Section 1: HSA Account Information (WealthCare Saver as Custodian) ACCOUNT NUMBER(12 digits beginning with 601) LAST NAMEFIRST NAME EMPLOYER NAME EMAIL ADDRESS STREET ADDRESS CITY STATEMIDDLE INITIAL - SOCIAL SECURITY NUMBER TELEPHONE NUMBER ZIP CODE Transfer my HSA FROM this account Section 2: Current Custodian Information ACCOUNT NUMBER When will funds be available after the transition? No funds movement or transfer to facilitate the transition. This change has no impact on the additional Spending Account types Independence offers: Health Reimbursement Accounts (HRAs) or Flexible Spending Accounts(FSAs). On April 28, 2023, the Internal Revenue Service (IRS) released a Chief Counsel memorandum reiterating the substantiation requirements included in proposed IRS regulations for health flexible spending arrangements (health FSAs) and dependent care flexible spending arrangement (DCFSA). Alegeus provides software and services to support the administration of health-related consumer-directed accounts, such as health savings accounts and flexible spending accounts. I understand that I may consult a tax professional or legal counsel. Customer Reviews are not used in the calculation of BBB Rating. Alegeus is the industry's most innovative API solution for benefit administration. Administrator View customer accounts Employer View company and employee accounts Participant View account activity and balances Partner User View Partner user accounts All Rights Reserved. No changes to how you manage your HSA program. All rights reserved. Be the first to review! 0 Thank you for using WealthCare Administration System. The region is dominated by the Jura Mountains, and much of . 'Burgundy-Free County', sometimes abbreviated BFC; Arpitan: Borgogne-Franche-Comtt) is a region in Eastern France created by the 2014 territorial reform of French regions, from a merger of Burgundy and Franche-Comt.The new region came into existence on 1 January 2016, after the regional elections of . WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. Following the transition, WealthCare Saver becomes the non-bank trustee and PNC remains the depository. I also can't see how a functioning business can claim they will follow up on inquiries, only to fail to do so repeatedly.At this point the only thing I want is the fees reversed and the original total of $83.32 transferred to my Fidelity account. Yes, the new WealthCare Save HSA will be linked to their existing debit card for use once opened and funds have been deposited. Over 15 million American families carry our health spending debit cards. All rights reserved. Alegeus WealthCare Admin. WealthCare | Health Savings Accounts (HSA) for a healthy future The WealthCare Platform Accessible With WealthCare, access your latest account information at your fingertips. Start Your Free Trial 1601 Trapelo Road | Main Building, Suite 301. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Enter your First and Last Name. The developer provided this information and may update it over time. Our highly flexible, white-label platform powers account-based benefit programs such as HSAs, FSAs, HRAs, COBRA, wellness incentives, lifestyle benefits and beyond. Customers and members do not need to take any action and there is no impact to members enrolled in a 2021HSA plan or how they interact with their benefit or access their health savingsaccount: WealthCare Saver is a d/b/a of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, nonbank, passive trustee operating as the custodian of HSAs. To sequence and deliver quickly, well be transitioning to a non-bank trustee model. Better Business Bureau in Eastern MA, ME, RI & VT. BBB reports on known marketplace practices. With more than 25 years of growth and innovation, Alegeus is the market leader in SaaS-based healthcare payment solutions. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. At WealthCare Savers request, PNC has agreed to resign as the custodian of your HSA and assign WealthCare Saver the successor custodian. The Find Care feature allows consumers to search for in-network procedures, facilities and doctors with associated cost and quality information, and the Opportunities feed provides personalized actions and suggestions for smarter healthcare spending decisions. We never compete with our clients in the market we win when they win. Safety starts with understanding how developers collect and share your data. Powered by our scalable, customizable SaaS-based platform, Alegeus clients are growing and driving account adoption at a pace that is 3-4X the market. In order to ensure our members are aware that WealthCare Saver will be administering their Independence HSA plans, members will be notified via mail at least 30days prior to the March13 effective date, as required. Most notable during this transition is the fact that account holders will experience a 5-day conversion period while their HSA funds are liquidated and transferred. SOC 2 Type 2, GDPR, CCPA compliant. Online account access does not change. With our white-label model, accounts and cards can become an extension of your brand and member experience, serving up frictionless and intuitive financial solutions designed to satisfy the expectations of modern consumers. I called on March 24th, asked to have the fees reversed, and was given a reference number of ****** and told that I would be contacted in 1 to 3 business days.By April 3rd (more than 5 business days later), I had not received any contact whatsoever. Login | Alegeus Technologies Login We will maintain the confidentiality of your personal information in accordance with our privacy policy. Its critical all of value-add components of an HSA complement and build upon each other both in value to employees and sequentially as we work with our partners to build them. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. I called once again on the 10th to ask why this fee was charged without informing me and was told that it would be looked into and I'd hear back on April 12th, which has also not happened.So I am left with a mere $14.92 out of a contributed $83.32 to my HSA. We will be updating the impacted Health Spending Account member documents and forms and marketing materials on the member portal, the Marketplace, Broker Forms Online, Sales Portal and Employer Portal to reflect the WealthCare Saver name change by March13. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. 9 See similar companies for insight and prospecting. Our client partners are at the center of everything we do. WealthCare Saver is a leading custodian of health savings accounts (HSAs) with long-standing experience in the market. This would represent a major blow to all employees who made what they believed to be valid pre-tax contributions to their FSA or DCFSA. All rights reserved. As the leading provider of SaaS-based benefit funding and payment solutions, we focus on the specific needs of our partners whether you want to deliver standalone account offerings or embed accounts and cards into your total solution. Her proven track record of success in driving accelerated revenue growth, product and market expansion will greatly benefit our partnersthe backbone of our organization, said Leif OLeary, CEO, Alegeus. How BBB Processes Complaints and Reviews. No. At Alegeus, we believe in the extraordinary power of partnership.
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