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Blue Cross, Blue Shield seek health savings plans' funds.

Publication: Managed Care Quarterly
Publication Date: 01-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Local Blue Cross and Blue Shield health plans across the country have agreed to charter a joint bank, with the objective of attempting to capture more of the growing market for health savings accounts (HSAs). The bank, expected to be operating by mid-to-late 2006, will manage Blue plan members' HSAs directly. It responds to the increasing popularity of consumer-directed plans, particularly among employers attempting to slow soaring health care costs. These plans combine high deductibles with a...



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