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Tennessee Blue Releases 8 HSA-Compatible Plans

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NU Online News Service, Aug. 23, 2004, 6:22 p.m. EDT

Blue Cross and Blue Shield of Tennessee, Chattanooga, Tenn., has introduced 8 high-deductible health plans that are compatible with the new health savings accounts.[@@]

The new products include 5 PlanWise HSA plans for employer groups and 3 BlueCompanion HSA plans for individuals.

Tennessee Blue, a company that provides or administers health coverage for 2.6 million Tennessee residents, is selling the BlueCompanion plans now. The first PlanWise plans will take effect Oct. 1.

Tennessee Blue will be farming out administration of the savings accounts themselves to a unit of Wells Fargo & Company, San Francisco.