UMB Partners with Humana on Health Savings Accounts
August 25 2005 - 1:54PM
Business Wire
UMB Bank (NASDAQ: UMBF), is pleased to announce their partnership
with Humana Inc. (NYSE: HUM) for administering Health Savings
Accounts (HSA). Humana recently expanded their Smart family of
consumer-focused products to include an HSA option for all
commercial groups. "UMB is please to partner with Humana," said
Dennis Triplett, vice president of healthcare services. "It is a
further validation of our strategy of integrating with
forward-thinking health plans that are focused on consumer-directed
healthcare." The HSA combines a High-Deductible Health Plan (HDHP)
with a tax sheltered savings account to help individuals and
families manage their health care expenses. UMB provides HSA
members with a Visa debit card to use when paying for medical
services. Electronic and telephonic access is available to check
HSA monthly statements, request reimbursements and other related
services. Humana is offering a variety of HDHP options with HSAs
and several groups of mutual funds for the investment side of HSA
accounts. With affordable benefits and easy access to health care
services, employers and employees of both small and large
businesses can experience the convenience HSAs provide.
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