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Firm To Use MyHealthBank Benefit Account Software

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NU Online News Service, July 8, 2004, 10:19 a.m. EDT

Associated Administrators Inc., Portland, Ore., has agreed to use software from another Portland company, MyHealthBank Inc., to manage personal benefit plan accounts.[@@]

Associated Administrators, a large Northwestern benefit plan administrator, will be depending on MyHealthBank’s Finance 3.1 software to run health savings accounts, health reimbursement arrangements, dependent care accounts and similar accounts, MyHealthBank says.

The Finance 3.1 software can adjudicate cash account claims as well as managing deposits and tracking balance information, MyHealthBank says.

Associated Administrators also will be using the software to provide Web-based account access for plan sponsors and plan members.