Sterling HSA Selects Metavante's WealthCare Card

Through the deployment of Metavante’s WealthCare Card, Sterling HSA will provide account holders with card-based access to their HSAs. Real-time balance information will be available to Sterling HSA and account holders — made possible by a tight integration between the WealthCare Card platform and Sterling HSA’s proprietary account administration platform. Metavante's WealthCare Card platform provides highly flexible integration services that simplify the data exchange with any administrative platform; additionally, it offers a benefits administrator the freedom to choose its preferred HSA custodian when adding the account to the multi-purse debit card.

“Metavante separates itself with its systems integration acumen and dedicated staff. With Metavante’s flexibility around formatting and frequency of data exchange, we are able to format the data so it maps identically to our system,” said Cora Tellez, chief executive officer, Sterling HSA. “In challenging economic times, conventional health plans are increasingly becoming a financial burden for employers. This has fueled the impressive growth of consumer directed healthcare and, for Sterling HSA, a very successful 2008. As these market dynamics continue, Sterling HSA has faith in Metavante’s executive healthcare team, their vision for healthcare payments and their ability to support our growth.”

In 2008, Sterling HSA exemplified the increasing traction of consumer-directed healthcare (CDH) in the overall healthcare marketplace. New HSA accounts at Sterling HSA jumped 97 percent in 2008, with a corresponding 86 percent increase in dollar deposits.

“In an increasingly CDH world, Metavante is committed to creating solutions that facilitate the unencumbered exchange of healthcare data and payments,” said John Reynolds, division president, Metavante Healthcare Payment Solutions. “As CDH and HSAs continue their expansion, Metavante plans to continue evolving its solutions in an effort to make it easier for companies to offer CDH options, while simultaneously making the accounts more user-friendly for individuals.”

Metavante Healthcare Payment Solutions is one of the leaders in transforming the healthcare payments industry by accelerating the exchange of information and funds between patients, payers, providers and financial institutions. Forging new connections between payment and data systems to quicken the claims process, Metavante expedites benefits eligibility verification, claims substantiation, medical remittance processing, and payment and explanation of benefit distribution. With Web-enabled tools, an HSA platform, multi-purse benefit debit cards and combo eligibility/payment cards, Metavante enables integrated consumer benefit account management of HSA, FSA, HRA, and dependent care and transportation accounts.