Aug 26 2009
UMB Healthcare Services, a division of UMB Financial Corporation (NASDAQ: UMBF), announced today that they were selected by Blue Cross and Blue Shield of Kansas City to provide Health Savings Accounts (HSA) to its customers.
“UMB is pleased to have the opportunity to partner with Blue Cross and Blue Shield of Kansas City to provide HSA accounts to its customers,” said Dennis Triplett, chief executive officer of UMB Healthcare Services. “We believe our financial strength and health care expertise, along with Blue Cross and Blue Shield of Kansas City’s outstanding reputation for being a leader in health insurance, will make for an incredible partnership.”
”We are pleased to be partnering with UMB, the leading provider of Health Savings Accounts in our area,” said Tom Bowser, president and CEO of Blue Cross and Blue Shield of Kansas City. “UMB’s innovative approach to technology will now offer one stop enrollment for our customers who choose to open an HSA account, along with easy and convenient accessibility to their HSA account.”
Blue Cross and Blue Shield of Kansas City is now offering UMB’s HSA as an integrated part of its BlueSaver® consumer-directed health plan. Members have the opportunity to enroll in the UMB HSA as part of the enrollment process in the BlueSaver® plan. Members will also be able to view their HSA account information through Blue Cross and Blue Shield of Kansas City’s member portal.
Since the inception of Medical Savings Accounts in the late 1990’s, UMB Healthcare Services has been a leading financial custodian for the health care industry. Today, UMB supports HSAs, Flexible Spending Accounts (FSA) and Health Reimbursement Accounts (HRA). UMB was also the first banking partner to provide multi-purpose card technology for the health care industry.
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