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Principal Adds HSA Insurance, Account Package

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NU Online News Service, June 22, 2004, 1:43 p.m. EDT

Principal Financial Group Inc., Des Moines, Iowa, has introduced a health savings account program that combines high-deductible health coverage with account management services.[@@]

Principal will be selling the program to employers with self-insured health plans as well as those with insured health plans.

Principal will handle administration, and starting in 2005, it will let HSA holders invest HSA assets in Principal investment funds as well as in conventional bank accounts. Principal’s Principal Bank subsidiary will supply the banking services.

Care management services include a program that will use nurses to help patients cope with hospital stays.


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