Businesses can use the CEO Health Benefit Services to both reduce paperwork and increase security of confidential information by administering their employee health benefits online, according to a press release. Individual plan participants, whether employees of Wells Fargo’s business customers or individual healthcare consumers, now have the Wells Fargo Health Account Manager, a single, secure site from which to access detailed account activity, claims information, and forms for their high deductible heath plan accounts.
In addition to advanced online security and encryption, businesses using CEO Health Benefit Services enjoy an improved method for submitting benefits information, providing a way to manage employee plans faster and easier, according to the firm. Standard file templates allow for simple uploading of Contribution and Eligibility files, while the ACH Debit electronic funding option eliminates the need for paper checks when submitting contribution funds. Single sign-on to access CEO helps plan administrators view real-time status of file validation, receive immediate file error notification, view file submission history and details, download guides, and generate reports.
Individual plan participants will enjoy similar advantages to using the Wells Fargo Health Account Manager online at https://healthbenefits.wellsfargo.com . Individuals with high deductible health plans and investment accounts can view detailed account activity, set up or change their direct deposit account, monitor debit card or claim activity, download forms, and access benefit calculators to model outcomes of investment strategies.
Wells Fargo Health Benefit Services (HBS), a division of Wells Fargo Bank, N.A., is a provider of health and wealth management solutions for companies across the nation. Headed by Jose Becquer in the Wholesale Services Group, HBS helps companies provide tax-advantaged health care solutions for their employees.
« The Case for Freezing Pension Plans