Audience: Participants

Product: Health Care Savings Program

Contacts: All participants who are eligible to use their HCSP account (typically this means terminated or retired participants with an account balance, or their beneficiaries)

Date Sent: 12/11/18

Format: Email

Description:

On 12/11 an eblast was sent to all participants who are eligible to use their HCSP funds (generally that means terminated or retired participants with an account balance)​ giving them notice that effective 1/1/19, Alerus will be the new claims administrator for their HCSP-related claims. 

Additionally, participants were notified that the $24 annual fee that is currently assessed to HCSP accounts will be removed as of 1/1 and operational costs will be reduced by 2 basis points ($0.20/$1,000 invested).

A copy of the eblast can be viewed here. 

The MERS resource website with complete transition details can be viewed here.