National Launch of Integrated HSA Product Enhancement for Banks and Credit Unions : Insurance News Onlypunjab.com- Insurance News

National Launch of Integrated HSA Product Enhancement for Banks and Credit Unions
Publish Date : 2/2/2007 8:41:00 AM Source : Insurance News Onlypunjab.com

My Medical Control, LLC today announced the formal launch of an electronic enrollment and communication program for financial services organizations offering Health Savings Accounts to their customers with a qualified high deductible health plan.
My Medical Control, LLC provides a revolutionary new business delivery model to account holders with Health Savings Accounts and a correlating High Deductible Health Plan by offering a consumer-friendly, secure, and independent opportunity to analyze their out of pocket medical bills against a national medical claim "charge-to-reimbursement" database. The analysis ensures any individual with an out-of-pocket medical bill, obtains the lowest wholesale price from their medical provider before they pay their portion of the bill. The wide discrepancy in actual reimbursement rates negotiated by insurance companies and offered by providers to the insured consumer has created a structure where consumers with high deductible health plans pay very different prices for the same procedure and from the same provider. The service application is designed to evaluate a consumer medical bill to ensure that the final rate being paid by the consumer is the lowest "wholesale rate" available from the medical provider regardless of health plan affiliation or provider network. The service is 100% risk-free as the consumer only pays for the service by sharing a portion (%) of the amount actually saved.

"The tremendous growth within the banking and credit union market related to HSA's and the increasing pressure to provide healthcare-related decision support tools to assist their customers in better managing their actual out-of-pockets costs is what drove us to create this new electronic integration opportunity" says Timothy E. Cahill, President & Managing Director of My Medical Control, LLC. "Our service and business delivery model is very complimentary to an HSA product offered by a bank or credit union. We provide co-branded, easy, and secure access to our review and settlement services at no cost to the financial institution. This new application allows their customers 24/7 access and 100% utilization control while saving their customers real money and helping both parties grow their asset base".

My Medical Control, LLC combines several industry proven and successful cost management principles, a national medical claim charge-to-reimbursement database, an advanced technology driven workflow, and a team of highly skilled and professional staff and packages it into an easy to use, secure, risk-free web application available to the account holder on demand.

"We provide a practical tool from the consumers' perspective, that assists them in managing the complex issue related to price transparency, or lack thereof says Cahill. When a consumer realizes that they may be paying significantly more than others for the exact same care, from the exact same medical provider, they become motivated into action. Unfortunately, they have little access to independent resources that can really help them, until now.

The electronic integration and communication program from My Medical Control, LLC has been in limited production with several national banks and credit unions for over 12 months, and is now available to any qualified bank or credit union interested in providing healthcare related tools and resources to their account holders. The new financial institution integration and communication program can be customized and operational in as little as 30 days.

About My Medical Control, LLC
My Medical Control is a privately held consumer-driven medical claim cost management company incorporated in 2004, with offices in Louisville, Chicago, and Austin, TX. My Medical Control is an innovative technology company specializing in medical claim data capture and analysis with specific focus on consumer-centric program design and application development. For more information, please visit our website at http://www.mymedicalcontrol.com

Contact Information:
(866) 218-0538

Onlypunjab.com

The Best Benefit in The Travel Insurance Industry Just Got Better Publish Date : 11/5/2007 7:25:00 AM
TravelSafe Insurance upgrades it's industry-first "Cancel For Any Reason" travel insurance benefit to cover up to 100% of travelers' non-refundable trip cost.

SASid and Markel Insurance Company Introduce Short Term Medical Health Insurance for Individuals and Families Publish Date : 11/5/2007 7:23:00 AM
SASid, Inc. and Markel Insurance Company announced today that they have joined together to offer short term health plans for individuals and families.

PrintsMadeEasy.com Announces Plans for New Line of Real Estate Business Cards Publish Date : 11/3/2007 6:26:00 AM
PrintsMadeEasy.com, the global leader in online printing solutions, today announced plans to release a new series of templates and designs for real estate business cards in 2008.

Sompo Japan Insurance Company of America Announces Selection of Millbrook and Oracle® Business Intelligence Solution Publish Date : 11/2/2007 7:16:00 AM
Millbrook Incorporated is pleased to announce that Sompo Japan Insurance Company of America has selected a solution based on...

Life Insurance Opportunities in Qualified Plans to be Focus of Nineteenth Annual Henry A. Deppe Lecture Publish Date : 11/1/2007 7:07:00 AM
Five financial experts will participate in Life Insurance Opportunities in Qualified Plans as part of The American College's nineteenth annual Henry A.

Lighthouse1 Announces CDH Event of the Year Publish Date : 11/1/2007 7:07:00 AM
Lighthouse1, the industry leading provider of consumer driven healthcare administration solutions, announced that Revolution '08, the first Lighthouse1 OnDemand™....

Partners Advantage Insurance Services, Inc. Merges with Maxx Financial Partners, LLC Publish Date : 11/1/2007 7:07:00 AM
Partners Advantage Insurance Services, Inc., and MAXX Financial Partners, LLC, announced today the completion of their merger, creating one of the ...

Website Exposes Dirty Little Secret of Private Mortgage Insurance (PMI) Publish Date : 11/1/2007 7:07:00 AM
Go.Toby.com, the popular real estate news and information website for Palm Coast, Flagler County, and Northeast Florida posts an article revealing ...

Silanis Sets the Record Straight on Electronic Contracting Myths Publish Date : 11/1/2007 7:07:00 AM
Leading electronic signature provider Silanis Technology has posted a recording of its recent Webcast, "Electronic Contracting - Dispelling the...

Employers Tackling Health Care Challenges with 21st Century Benefit Design Publish Date : 11/1/2007 7:07:00 AM
A new approach to health care in the 21st century should address the most acute challenges of our time and chart a new course through better use of data, ...

Total Results : 3507
More News (Opens in New Window) : [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 Next Page

Canada News

Gadget News

Infotech News

Europe News

Health News

Middle East

Sports News

Advertising News

America News

Application News

Asia Pacific

Software News