{"id":50320,"date":"2022-11-01T13:02:33","date_gmt":"2022-11-01T12:02:33","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/alegeus-unveils-high-yield-feature-for-wealthcare-hsa-solution-providing-account-holders-lucrative-opportunities-to-maximize-fund-values\/"},"modified":"2022-11-01T13:02:33","modified_gmt":"2022-11-01T12:02:33","slug":"alegeus-unveils-high-yield-feature-for-wealthcare-hsa-solution-providing-account-holders-lucrative-opportunities-to-maximize-fund-values","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/alegeus-unveils-high-yield-feature-for-wealthcare-hsa-solution-providing-account-holders-lucrative-opportunities-to-maximize-fund-values\/","title":{"rendered":"Alegeus Unveils High-Yield Feature for WealthCare HSA Solution, Providing Account Holders Lucrative Opportunities to Maximize Fund Values"},"content":{"rendered":"<div>\n<p class=\"bwalignc\">\n<b>Backed by Pacific Life, new enhanced interest option has the potential to earn account holders up to 10 times their current HSA cash account interest rate<\/b>\n<\/p>\n<p>WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211;<a href=\"https:\/\/twitter.com\/hashtag\/HSA?src=hash\" target=\"_blank\" rel=\"noopener\">#HSA<\/a>&#8212;<a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alegeus.com%2F&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=Alegeus&amp;index=1&amp;md5=461f23357166b84188afea4285e223ec\" rel=\"nofollow noopener\" shape=\"rect\">Alegeus<\/a>, the market leader in <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alegeus.com%2Fabout-us%2F&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=healthcare+payment+solutions&amp;index=2&amp;md5=0402edc5d57697cf4af745813f7ccf8d\" rel=\"nofollow noopener\" shape=\"rect\">healthcare payment solutions<\/a>, today unveiled <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alegeus.com%2Fhealth-savings-accounts%2F&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=WealthCare+HSA&amp;index=3&amp;md5=5004ee6218a229f92455d4a581c0f5cd\" rel=\"nofollow noopener\" shape=\"rect\">WealthCare HSA<\/a> High-Yield, an innovative enhanced interest option that has the potential to earn account holders up to 10 times their current <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alegeus.com%2Fhealth-savings-accounts%2F&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=health+savings+account&amp;index=4&amp;md5=e176f744bb6722b381d77e271cbeb002\" rel=\"nofollow noopener\" shape=\"rect\">health savings account<\/a> (HSA) interest rate.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20221101005077\/en\/1618089\/4\/Logo.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20221101005077\/en\/1618089\/21\/Logo.jpg\"><\/a><\/p>\n<p>\nHigh-Yield helps WealthCare HSA account holders maximize the value of the funds kept in their cash (spending) accounts, potentially giving them more to spend on healthcare needs now and in the future. It comes as a standard option for the WealthCare HSA, which addresses the needs of the entire workforce by providing best-in-class engagement and features for spenders, savers and investors alike, including the industry\u2019s first multi-path investment solution.\n<\/p>\n<p>\nAlegeus has partnered with Pacific Life, one of the most trusted names in insurance and finance, to deliver a new way for account holders to get more out of their HSAs with confidence and peace-of-mind. Pacific Life is a leading insurance company, providing a wide range of life insurance products, annuities and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.\n<\/p>\n<p>\n\u201cWith increasing and overdue focus on the lifetime value of HSAs, High-Yield provides a smarter approach to saving,\u201d said Mark Waterstraat, chief customer officer, Alegeus. \u201cAccount holders can place their cash balance in a stable-value deposit account that is backed by Pacific Life. This allows participants to take advantage of increased interest rates\u2014potentially up to 10 times their current rate\u2014while maintaining their ability to spend or invest their funds.\u201d\n<\/p>\n<p>\n\u201cWe are very excited about this innovative solution and the opportunity to continue offering a broad range of services and products to our institutional clients,\u201d said Paul Hance, senior vice president and head of Pacific Life\u2019s Institutional Customer Solutions Group. \u201cWith the rising cost of healthcare expenses in the U.S., we can provide an alternative investment option to HSA participants with stable returns.\u201d\n<\/p>\n<p>\n\u201cAt Clarity Benefit Solutions, our goal is to help employers deliver solutions that are simply smarter and ensure their employees are ready for life,\u201d said Bill Catuzzi, founder and CEO, Clarity Benefit Solutions. \u201cAs an early adopter of the High-Yield interest option, we are now able to offer an even smarter solution that allows employees to maximize the value of their HSA funds and make their healthcare needs more affordable.\u201d\n<\/p>\n<p>\n\u201cA cornerstone of the Health Savings Account industry is its relentless desire to innovate for the benefit of the 67 million Americans who finance their health care with these accounts. Consumers are always better served in a competitive environment where innovative health care technology and financial services drive better patient outcomes,\u201d said Kevin McKechnie, executive director, Health Savings Account Council, American Bankers Association. \u201cIt\u2019s encouraging to see HSA Council member companies expanding their products and services to meet the evolving needs of consumers.\u201d\n<\/p>\n<p>\n<b>About Alegeus<\/b>\n<\/p>\n<p>\nWith more than 25 years of growth and innovation, <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alegeus.com%2F&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=Alegeus&amp;index=5&amp;md5=c6aa537b7c5f296785275cf233b4c799\" rel=\"nofollow noopener\" shape=\"rect\">Alegeus<\/a> is the market leader in <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alegeus.com%2Fabout-us%2F&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=SaaS-based+benefit+funding+and+payment+solutions&amp;index=6&amp;md5=f482bf297634504d903cd9c0696dc13d\" rel=\"nofollow noopener\" shape=\"rect\">SaaS-based benefit funding and payment solutions<\/a>. Our highly flexible, white-label platform powers account-based benefit programs such as HSAs, FSAs, HRAs, COBRA, wellness incentives, lifestyle benefits and beyond. We deliver exceptional user experiences and differentiated capabilities that help our partners strengthen their product offerings, operate more efficiently, and unlock their full growth potential. Our partnerships with the industry\u2019s leading health plans, third-party administrators, financial services and benefit solution providers give Alegeus unparalleled reach in the market, with access to more than 100 million commercially insured Americans. Alegeus is headquartered in Waltham, Mass., with operations centers in Orlando and Bangalore, and a large remote workforce.\n<\/p>\n<p>\n<b>About Pacific Life<\/b>\n<\/p>\n<p>\nFor more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pacificlife.com%2Fhome%2Fproducts%2Flife-insurance.html&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=life+insurance+products&amp;index=7&amp;md5=6b3be392b4fb19f489e4e99430c2a26b\" rel=\"nofollow noopener\" shape=\"rect\">life insurance products<\/a>, <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pacificlife.com%2Fhome%2Fproducts%2Fannuities.html&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=annuities&amp;index=8&amp;md5=991df8ed7b3f22380c34f6c9fe6c7384\" rel=\"nofollow noopener\" shape=\"rect\">annuities<\/a>, and <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pacificlife.com%2Fhome%2Fproducts%2Fmutual-funds.html&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=mutual+funds&amp;index=9&amp;md5=9b7a22c4e6ea221c183d20eb21b39404\" rel=\"nofollow noopener\" shape=\"rect\">mutual funds<\/a>, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World\u2019s Most Ethical Companies\u00ae by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.PacificLife.com&amp;esheet=52955561&amp;newsitemid=20221101005077&amp;lan=en-US&amp;anchor=www.PacificLife.com&amp;index=10&amp;md5=e86db9f6199a4331adb570da4d302b50\" rel=\"nofollow noopener\" shape=\"rect\">www.PacificLife.com<\/a>.\n<\/p>\n<p>\nPacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life &amp; Annuity Company. Client count as of June 2022 is compiled by Pacific Life using the 2022 FORTUNE 500<sup>\u00ae<\/sup> list.\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nDan Ring<br \/>\n<br \/>Communications &amp; Industry Relations<br \/>\n<br \/><a target=\"_blank\" href=\"&#109;&#x61;&#105;&#x6c;&#116;&#x6f;&#58;&#x64;&#97;&#x6e;&#46;&#x72;&#105;&#x6e;&#103;&#x40;&#97;&#x6c;&#101;&#x67;&#101;&#x75;&#115;&#x2e;&#99;&#x6f;&#109;\" rel=\"nofollow noopener\" shape=\"rect\">&#x64;&#x61;&#x6e;&#46;&#114;&#105;ng&#x40;&#x61;&#x6c;&#x65;&#103;&#101;us&#x2e;&#x63;&#x6f;&#x6d;<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Backed by Pacific Life, new enhanced interest option has the potential to earn account holders up to 10 times their current HSA cash account interest rate WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211;#HSA&#8212;Alegeus, the market leader in healthcare payment solutions, today unveiled WealthCare HSA High-Yield, an innovative enhanced interest option that has the potential to earn account holders up &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/alegeus-unveils-high-yield-feature-for-wealthcare-hsa-solution-providing-account-holders-lucrative-opportunities-to-maximize-fund-values\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-50320","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alegeus Unveils High-Yield Feature for WealthCare HSA Solution, Providing Account Holders Lucrative Opportunities to Maximize Fund Values - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/alegeus-unveils-high-yield-feature-for-wealthcare-hsa-solution-providing-account-holders-lucrative-opportunities-to-maximize-fund-values\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alegeus Unveils High-Yield Feature for WealthCare HSA Solution, Providing Account Holders Lucrative Opportunities to Maximize Fund Values - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Backed by Pacific Life, new enhanced interest option has the potential to earn account holders up to 10 times their current HSA cash account interest rate WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211;#HSA&#8212;Alegeus, the market leader in healthcare payment solutions, today unveiled WealthCare HSA High-Yield, an innovative enhanced interest option that has the potential to earn account holders up ... 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