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. The Chief Counsel memo reiterates that FSA administrators must have a system in place to substantiate expenses and must deny reimbursement for any expenses that are not properly documented. Alegeus WealthCare Administration System Welcome to Your CDH Account Administration Platform Please choose your login type below. With the WealthCare platform, investing your HSA funds is as easy as 1, 2, 3! Effective March13, 2021, WealthCare Saver will assume custodial responsibilities for all Health Savings Accounts (HSAs) offered through Independence. You may close this window or login again. 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. And our unique partnership model empowers our clients to achieve outsized results growing their programs at a rate that is 3-4X the market, and with the highest net promoter scores (NPS) in the industry. An enhanced-yield savings option coming in 2022 will drive additional interest back to the consumer. International Association of Better Business Bureaus. We use cookies to optimize site functionality and give you the best possible experience. What do you think? Account holders will be directed to a new Terms and Conditions document in their letter and should also add WealthCare Saver as an approved sender to their email accounts to ensure any messages do not get automatically filed as junkmail. Alegeus has led the consumer funding technology industry for more than 20 years, providing support to health plans and TPAs, and delivering a white-label HSA solution that will help you earn new revenue, achieve speed to market, manage operational costs and more. All rights reserved. Read about trends and forces shaping the benefits landscape. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. Following these rules helps ensure compliance and reduces the risk of audits and penalties. All you need is an HSA cash account balance of $500. Were announcing an update regarding the custodian of your employees HSAs. WealthCare Saver allows account holders to issue checks through the portal; these can be mailed to their providers by indicating. As previously stated, this is a legal change to the HSA custodian. I don't understand how it's acceptable to steal more than 80% of the account value for precisely zero service or benefits. Alegeus recommends utilizing a different REST user configuration on a "per platform" basis. More information, including Brands Sold, Products Sold, Month in Operation, Provides Delivery, Pet Friendly and more. Our highly flexible, white-label platform powers account-based benefit programs including HSAs, FSAs, HRAs,. Complexity, Handled With the industry's most comprehensive API solution, Alegeus simplifies administration of even the most complex plan designs. They can also select investment options through the WealthCare Saver investment solution if their balance is greater than $1,000. Ms. Nicole Gardner, Senior Director Compliance. That is, if you are calling REST APIs to drive multiple channels (i.e., portal, mobile, IVR), have each channel use a different user ID. An HSA custodian enables participants to contribute money to a Health Savings Account and withdraw funds to pay for qualified medical expenses. This conversion period is scheduled to occur October 31, While account holders will be getting a new account number associated with their HSA, they will be able to access their Wealthcare Saver HSA using their same debit card. I only became aware that I have been having fees applied on my account in March 2023, when I needed tax information. There will be no impact on day-to-day account usage: Summary: The transition simply entails a legal change in the custodial entity and the employee notifications required by existing custodial agreements. 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. Market leadership and scale 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). Click here to download details: https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. WealthCare Savers Investment Solutions Flyer, WealthCare Savers Investment Solutions FAQ, Avidia Legal Account Holder Notifications, Scheduled Health Reimbursement Arrangement (HRA), https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. Overview. Let us help Password * Forgot your Password? It also reminds administrators that the reimbursement must be provided within a reasonable period of time after the expense was incurred. Alegeus Technologies is a leader in the consumer-directed account industry, supporting more than 30 million consumer and 225,000 employer health benefit accounts. Alegeus is the market leader in SaaS-based benefit funding and payment solutions. Add Company ID: I900808825 to your ACH Bank filters for HSA funding with your bank. 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. In this video, we explain why Alegeus is committed to amplifying our partners' voices, values and brands. Our highly flexible, white-label platform powers HSAs, FSAs, COBRA, lifestyle benefits and beyond delivering exceptional user experiences and differentiated capabilities that help you compete and win. '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 . Customer Reviews are not used in the calculation of BBB Rating. This memo serves to reinforce the importance of operating within the rules and helps you demonstrate to customers that youre not imposing undue scrutiny, but simply helping them to remain compliant. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. Investing through the WealthCare Saver investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement(s). 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 provides software and services to support the administration of health-related consumer-directed accounts, such as health savings accounts and flexible spending accounts. Alegeus WealthCare Admin. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. This change was initiated by WealthCare Saver a fully-integrated, private-label HSA custodial solution from Alegeus Technologies, LLC. WealthCare Saver is a dba of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, non-bank passive trustee operating as the custodian of health savings accounts. I expressed that I was frustrated and would be closing my account, and the representative simply wished that I would continue business with them as she ended the call. Once the conversion is complete on November 4th, funds will be available after end-of-day processing, typically by 7pm CT. Account holders can use their existing card for all carded accounts with Navia, including their WealthCare Saver HSA funds. We expect their new HSA account information to be available starting September 29, Account holders should destroy any remaining paper checks they have on hand. It keep shutting off the app when I hit the link to submit payment. Self-Service Portal Sign In Self-Service Login Please enter your User ID & Password below to access your secure account. No, there will be no funds inaccessibility window to facilitate the custodial transition. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. However, Accountholders are encouraged to review the new terms and conditions governing their account including the new accountholder agreement at www.wealthcaresaver.com/disclosures/wcsp. The blackout period will run from October 31st to November 4th. 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. In addition, you may choose to have CAPTRUST manage your HSA account on a discretionary basis. 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. Employee experience:
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 Elevate, a fast-growing developer of employee benefits technology. Universit Bourgogne Franche-Comt (UBFC) 601-800th. Nothing about the day-to-day operation, employee account usage, or teams supporting the HSAs change. Please note the following: Your administrator must create an account for you prior to your first login. When will a current employee see their new HSA online? 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. No funds movement or transfer to facilitate the transition. Earlier in her career, she held senior sales roles at ADP and Progressive Benefits Solutions. Data privacy and security practices may vary based on your use, region, and age. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. Navia will take care of updating communications on our sites. WealthCare Saver leverages all the current HSA functionality and features you know, but includes a fully integrated, modern investment experience. Investment products and services are not deposits, are not FDIC-insured, are not insured by any Federal government agency, are not guaranteed, and may go down in value. hb```c``@(a?PIN k5p,QtsG1N*'"vvz\F9` ~7!H AKJAxe3051103^dd`X|.4:@33ndf,P4.@ @\f@VH-g4#m mS)`.%vN2MM;ZN I called again and was told that the fees 'couldn't be reversed as they were legitimate.' IRS Chief Counsel issues memo reiterating FSA substantiation requirements, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. Thus, as required by the existing custodial agreement, the only employee impact is notification delivered via two communications: Submit Employee Enrollments & Terminations. WealthCare | Health Savings Accounts (HSA) for a healthy future The WealthCare Platform Accessible With WealthCare, access your latest account information at your fingertips. This means that PNC Bank has agreed to resign as the custodian and will assign WealthCare Saver as the successor custodian. Your HSA is a powerful investment vehicle and can help you better prepare for your future. WealthCare Saver is a leading custodian of health savings accounts (HSAs) with long-standing experience in the market. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. 176th. Check out our latest resources and actionable insights. At WealthCare Savers request, PNC has agreed to resign as the custodian of your HSA and assign WealthCare Saver the successor custodian. WealthCare Saver is Anthem's New HSA Custodian January 8, 2021 / in Anthem, Carrier, Employee Benefits / by Cornerstone On March 13, 2021, WealthCare Saver will replace PNC Bank as the custodian of the HSAs for: Current Anthem members who are actively enrolled in an HSA-compatible health plan. Before we get any deeper, its important we define and clarify the difference in what a custodian is versus, what a depository is responsible for. 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 . Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Better Business Bureau in Eastern MA, ME, RI & VT. BBB reports on known marketplace practices. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Melanie most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC.
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