Humana advances spending account experience for employers and members

Humana is announcing Humana Access®, a spending account product that offers employers hassle-free administration, and effective ways for employees to manage rising health care costs. In addition, employees will receive improved ease-of-use, increased convenience and more online features.

Humana, through its partner Alegeus, created a budget-friendly spending account product suite that will enable employers of all sizes to deliver a more competitive benefits package to their employees. Account holders will benefit from tax-savings while having one convenient debit card and digital tools to manage and pay for their health care and dependent care expenses. Members will feel more in control of their money with real-time balances and transaction history all in one place. Employers can benefit too, when accounts are funded with pre-tax money.

“Humana Access offers employers an easy administration process and supports employees with an easier way to plan for health care costs, and pay for their out-of-pocket expenses,” said Mark Matzke, Humana’s Senior Vice President, Employer Group and Specialty Segment. “Simplifying spending account administration for employers and creating an empowered health care experience for members, ultimately enhances awareness of health care finances, and makes Humana an active partner in managing costs.”

Humana Access is available for benefits plans beginning January 1, 2019 or later.

Other benefits of Humana Access include:

• New member education tools and resources including videos and calculators to improve employee understanding of spending accounts
• Simple, intuitive self-service account access via member website, similar to an online banking experience
• Single debit card for all spending accounts elected by the member, including Health Savings Account, Health Reimbursement Arrangement, Health care Flexible Spending Account and Dependent Care Flexible Spending Account

For more information, visit Spending Accounts on humana.com.

 

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