WageWorks and Citibank Team Up to Offer HSAs

September 13, 2007 (PLANSPONSOR.com) - WageWorks Inc. has announced a strategic relationship with Citi Markets & Banking for WageWorks to be the distribution partner for Citibank Health Savings Accounts (HSAs).

WageWorks will now offer Citibank HSAs to its corporate clients, which include 100 of the Fortune 500 companies, the announcement said. With the alliance, employee benefits decision makers will have access to the only HSA solution that delivers a completely integrated spending account embedded in a multi-purse card, according to WageWorks.

Unused HSA funds are portable, roll over from year-to-year, and gain compounded interest tax-free.

“WageWorks’ tax-advantaged benefits programs are designed to help working families lower their cost of living,” said Joe Jackson, WageWorks Chief Executive Officer, in the announcement. “We could not be more pleased to add Citi’s trusted brand to our complete portfolio of solutions.”

For more information go to www.wageworks.com .