NU Online News Service, Dec. 2, 2004, 4:10 p.m. EST
A large health insurer in the Southeast has picked a Pennsylvania bank to help manage clients’ health savings accounts.[@@]
Blue Cross and Blue Shield of North Carolina, Chapel Hill, N.C., has agreed to get health account services for members of its high-deductible Blue Options preferred provider organization plan from a unit of Mellon Financial Corp., Pittsburgh.
Mellon’s Human Resources & Investor Solutions unit will run Mellon’s HSA operation.
North Carolina Blue and Mellon will introduce an HSA program for groups Jan. 1, 2005. The companies say they will release a similar program for individuals later in 2005.
North Carolina Blue provides or administers health coverage for 3 million people.