Illinois Firm Launches HSA

September 17, 2004 ( - A Rosemont, Illinois health plan provider has unveiled a health savings account product.

Flexible Benefit Service Corporation (FBSC) said in a news release that its FlexHSA combines the concept of tax-advantaged health-care plans with a solution for managing health savings accounts for any user. That includes insurance companies, third-party administrators, insurance brokers, business owners, employer groups, employees and individual consumers.

The company said the new offering integrates health benefits, banking services and investment options. Participants have the flexibility to choose their health benefits through multiple providers, banking services with debit card and checking capabilities, and investment options with traditional and alternative investments.

“The new alliance creates a turn-key approach to HSAs,” said John DiVito, president of FBSC. “This single-source of access allows the account holders to have all their insurance questions answered, review account balances, conduct investment activity and more by going to one Web site or calling one phone number.”

More information about the company is at  .