Regence adds HealthEquity as a banking partner, members to benefit from the relationship

Members who choose one of Regence's consumer-directed health plans will soon benefit from a new banking relationship, now that the company has added HealthEquity as a banking partner. Regence selected HealthEquity for its 24/7/365 customer service, its flexible health care financial technology, and its commitment to helping employers and employees build health savings.

HealthEquity combines a suite of integrated online tools that allows for online bill pay for health care, single account administration and investment options that are unmatched in the health care account industry. In addition, HealthEquity will provide a full suite of consumer-directed health account administration including: Health Reimbursement Arrangements (HRA), Flexible Spending Accounts (FSA), Dependent Care FSA, Limited Purpose FSA and Health Savings Accounts (HSA). This will allow Regence to offer all these products through one vendor, thus simplifying and enhancing the employer and member experience.

"We are proud to partner with an innovative financial institution like HealthEquity to provide our members with the resources and advice they need to make the most of their health savings accounts," said Cary Badger, vice president of Market Development for Regence. "HealthEquity combines an exemplary track record of customer satisfaction and online tools to empower members with the confidence they need to manage their health dollars wisely."

Regence's partnership with HealthEquity will deliver a unique set of services to help members manage their health savings, including 24/7/365 Live HealthEquity Member Specialists, "free" investment options, and user-friendly online bill pay making it easier for doctors and hospitals in the Regence network to get paid by members with high deductible health plans and also for members to easily reimburse themselves for health care expenses.

"We are excited to partner with Regence on a program that will truly help employers and their employees build health savings," said Steve Neeleman, MD, CEO of HealthEquity. "Regence has had a long-standing commitment to outstanding customer support and service and now combining that commitment with the 24/7/365 coverage of our HealthEquity Member Specialists, we will truly work together to help people better save and spend their health care dollars."