NEOS Healthcare Launches The NEOS HSA

Phoenix, AZ – November 1, 2007 – NEOS Healthcare announces the launching of The NEOS HSA.  The NEOS Health Savings Account is a premium Consumer Driven Healthcare product for Employers, Employees and Individuals.  We provide an enriched learning experience designed to empower consumers to manage their healthcare and create a culture of accountability. 

NEOS Healthcare is a Health Savings Account (HSA) Administrator.  An HSA allows consumers to contribute pre tax dollars to an account to pay for out of pocket medical expenses.  Funds contributed to an HSA can be invested.  Unused balances are permitted to be carried over from year to year and can be rolled over with the account holder if they should change employment.  The NEOS HSA integrates with the subscriber’s current qualified High Deductible Health Plan.  The account is centered on health and finance resources, tools, and calculators specifically designed to support and engage its members in their healthcare experience.  In addition to self service functionality, account holders have access to a 24/7 Nurse Care Line and NEOS Advisors. 

NEOS is offering two product subscriptions for THE NEOS HSA.  Depending on the type of subscription, a member is provided with the tools and technology to track qualified medical expenses, document storage, online reporting and EOB/Claim review.  Records are kept and made available to account holders should an IRS audit demand proof on the use of HSA funds.  We make it simple for insurance carriers, insurance professionals and employers to offer HSAs and for consumers to use them by handling all aspects of account management. 

The NEOS HSA provides consumers with new alternatives for paying health care expenses and planning for retirement. 

NEOS Healthcare is a privately held company located in Phoenix, Arizona. 
Additional information about NEOS Healthcare can be found online at www.NEOSHealthcare.com.

For more information contact:
Jennifer Grimes
Business Development Specialist
[email protected]
Tel:  602.792.6317
Fax:  602.944.2836