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: 11/30

Format: Mailing

Description:

On 11/30 a letter was mailed 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. The letter included a timeline that clearly outlines important dates related to the transition. 

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). 

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