HSA Bank Announces Relationship With HCSC

WATERBURY, Conn., June 25 /PRNewswire-FirstCall/ -- HSA Bank(R), a division of Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE: WBS), announced today that it has formed an integrated relationship with Health Care Service Corporation (HCSC), the fourth largest health insurer in the country. The integrated relationship allows accountholders to access health plan and HSA information quicker, easier and from one primary point of contact.

"We saw HSA Bank as being a strong partner that would complement our existing partnerships supporting our 'plug and play' approach," said Kirk Pion, the executive director of the Consumerism Program at HCSC. "Our customers demand integration partner options and flexible product offerings that are easy to use and promote the responsibility that consumer-driven health products were designed to achieve."

The integration strategy creates one primary source for customer service support, a single website to view health plan claims and HSA transactions and efficient enrollment processes based on an employer's needs. The relationship between HSA Bank and HCSC utilizes a secure web service to provide real-time account information, which "plugs" into HCSC's member portal infrastructure.

"While consumer-driven health care is an attractive product offering, it can create a segmented customer experience between the high deductible health plan and the health savings account (HSA)," said Kirk Hoewisch, president of HSA Bank. "The integration strategy employed by HSA Bank and HCSC creates a more seamless customer experience by providing members with a single point-of-contact for information regarding their health plan and HSA information."

HSA Bank serves customers in every state in the nation and has more than 10 years of experience with health care savings accounts. HSA Bank continuously strives to offer the best HSA product in the industry. HSA Bank combines convenience, service and savings with low account maintenance fees, competitive interest rates, several investment options, 24-hour account access online or through its automated telephone system, and outstanding personal service.

For more information about HSA Bank, visit the HSA Bank website at www.hsabank.com.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.2 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 484 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.WebsterOnline.com.

SOURCE Webster Financial Corporation

CONTACT: Media: HSA Bank: Becky Seefeldt, 920-803-4151 [email protected] or Webster: Ed Steadham, 203-578-2287 [email protected]