HSA Bank partners with Jellyvision

According to a recent HSA Bank report, four in five Americans are confused by terms like premium, copay, coinsurance, deductible, and out-of-pocket maximum, and 15% of people surveyed were unable to identify their health insurance plan type. Now, the company, a division of Webster Bank, is partnering with Jellyvision, makers of ALEX, to develop a first-of-its-kind Health Savings Account product that will focus on user education, healthcare consumerism, and highlight just-in-time benefits for employees in an interactive way.

“By educating employees through the ALEX Platform, we’re not only increasing involvement in their health, but we’re also helping them understand the financial impact of their healthcare decisions to make smart choices for long-term savings.” – Chad Wilkins, President of HSA Bank.

“When people are confused by their benefits, they tend to make less-than-ideal decisions that end up hurting themselves financially. We’re thrilled to be teaming up with HSA Bank, a market leader in HSAs, to help turn that around for potentially millions of American employees.” – Jellyvision CEO Amanda Lannert.