HSA Provider Offers Help for Medicare-Eligible Account Holders

HealthSavings Administrators has partnered with eHealth to help employees with the selection of different Medicare plans.

Employers that offer high-deductible health plans (HDHPs) with health savings accounts (HSAs) and that help employees transition to retirement may be interested to know that HSA provider HealthSavings Administrators has partnered with eHealth, an online health insurance marketplace for Medicare-eligible consumers.

Through this new partnership, Medicare-eligible HealthSavings members will have easy access to plan comparison tools and telephone support from eHealth’s licensed Medicare agents while shopping from a broad selection of Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans. 

Employers have been increasingly encouraged to educate employees about the advantages of HSAs and how they can be used to save for health costs in retirement. HSA assets can be used to pay for expenses such as premiums for Medicare Part B and Part D prescription coverage.

“By partnering with eHealth, we help our account holders at a critical juncture in their health savings journey. This is the moment for them to start reaping the rewards of their health savings account, and the choices they make can have a powerful impact on their health and financial well-being,” says HealthSavings Chief Revenue Officer E. Craig Keohan.

“Ten thousand Baby Boomers are aging into Medicare every day, many without a clear picture of health care costs in retirement. By partnering with HealthSavings, we help them address this critical need, ask the right questions and offer a more tailored set of options to better suit the needs of their clients now and well into the future,” says eHealth Vice President of Business Development Allen Pease.