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*This email is intended for producers in DE, PA, and WV HSA CUSTODIAN UPDATE: NO ACTION NEEDED On March 13, 2021, WealthCare Saver will become the custodian of Highmark HSAs. Currently, the custodian is PNC Bank. Alegeus will remain the spending account vendor and has received approval to act as a custodian, under the name of WealthCare Saver. They will help Highmark continue to maximize health savings potential for members and deliver the strongest HSA experience in the market.
This update does not require any action or training. There will be no impact on debit cards, online access, or account history, and no changes on how HSA programs are enrolled, funded, or managed. Clients will be notified of this change by January 13, 2021 and members will receive a letter introducing WealthCare Saver as their new custodian and a new account holder agreement in the mail by February 12, 2021.
If you have any questions about this transition, please email SATriage@Highmark.com and CC your Client Manager. |
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Highmark Inc. is an independent licensee of the Blue Cross Blue Shield Association. Insurance or benefit administration may be provided by or through Highmark Inc. or one of its affiliated Blue companies. Highmark Inc. d/b/a Highmark Blue Shield and certain of its affiliated Blue companies serve Blue Shield members in the 21 counties of central Pennsylvania. As a partner in joint operating agreements, Highmark Blue Shield also provides services in conjunction with a separate health plan in southeastern Pennsylvania. Highmark Inc. or certain of its affiliated Blue companies serve Blue Cross Blue Shield members in the 29 counties of western Pennsylvania, 13 counties in northeast Pennsylvania, the state of West Virginia plus Washington County, Ohio, and the entire state of Delaware. |
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