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CaliforniaChoice Markets HSA Banking Services

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NU Online News Service, May 10, 2004, 11:33 a.m. EDT – Word & Brown Insurance Administrators Inc., Orange, Calif., is adding health savings accounts to its product menu for small California employers.[@@]

The company’s CaliforniaChoice unit runs a for-profit benefits purchasing coalition for California employers with 2 to 50 employees.

CaliforniaChoice now has put a link on its own Web site that can help small employers sign up for health savings account custodial services from the HSA Bank program at State Bank of Howards Grove, Howards Grove, Wis. Employers can choose between putting HSA contributions in a federally insured bank account or a mutual fund account program run by an outside company.