Communities: Plan Design & Financing Strategies
Tango Health Now a Preferred Health Savings Account Option at SeeChange Health
SeeChange Health Insurance, the first health plan to offer value-based benefit designs coupled with health plans compatible with health savings accounts (HSAs) and health reimbursement accounts (HRAs) to small and midsize businesses, announced today that Tango Health’s HSA management software and services are now available to insured employers and their workers as a preferred HSA option. This partnership will enable SeeChange Health’s clients to offer employees a robust set of tools to help them become more engaged health care consumers.
“Our value-based plans reward members for taking control of their health,” said Alan Katz, SeeChange Health’s Executive Vice President. “Tango Health’s user-friendly HSA tools help consumers take control of their medical spending. By adding Tango Health to our Preferred Partner Program we enable employers to put together a powerful package.”
As the leader in Value Based Benefit Design, SeeChange Health uses its innovative plan designs to improve employee health and lower health care costs over the long term through early identification and management of serious medical conditions. A key element of this approach is to provide members with significant financial rewards (in the form of reduced out-of-pocket exposure and/or deposits to a Health Incentive account) for taking simple and appropriate actions. The result is a healthier, more productive workforce for employers and a better quality of life for employees.
By taking advantage of Tango Health’s unique offerings, members will now be able to manage and track health spending according to their financial goals, lifestyle, and payment preferences. Members will also be able to use Tango Health's online software to view and manage processed health claims, and they can reimburse themselves for expenses paid out of their own pocket or attach receipts to create a complete spending record.
As health care benefit costs continue to rise, companies are looking for ways to reduce costs while still providing the best benefits for their workforce. Consumer-driven health plans (CDHPs) have become an increasingly popular option for these companies. According to the Employee Benefit Research Institute, CDHPs are growing rapidly and now cover about 21 million individuals, representing roughly 12 percent of the market. Both SeeChange Health and Tango leverage their technology platforms to enable members to navigate the healthcare system and make better informed decisions.
"SeeChange Health is an industry leader that shares our vision of the power of consumer-driven health care," said Duncan Van Dusen, Tango Health Co-founder and CEO. "As more employers around the country tap the value in health plans like those offered by SeeChange Health, we are pleased to have Tango’s unique software and service package be recommended as a preferred HSA offering to maximize healthcare savings."
About Tango Health®
Tango Health is the premier provider of health savings account (HSA) management software and services. The company offers the only HSA management solution that serves the needs of an employer’s entire population of HSA-eligible employees, which ensures employers get the maximum HSA usage and tax benefits for themselves and their employees. Tango Health’s user-friendly, web-based software provides unprecedented visibility and control over HSA management. Tango sells directly to employers, and partners with the nation’s top custodial banks, insurance brokers, consultants and insurance carriers to enhance their offerings. Founded in 2008, Tango Health is a privately held company headquartered in Austin, Texas. To find out more about the tax savings, automated administration and employee satisfaction benefits that Tango Health offers, visit www.tangohealth.com or call 855.468.2646.
About SeeChange Health
SeeChange Health is the leader in value-based benefit design solutions for employers — delivering the plans and services they are looking for to create better health and quality of life for employees, increase workforce productivity and lower their health care costs. SeeChange Health’s unique approach encourages individuals to play an active role in the management of their own health to prevent, detect and treat today’s most serious health conditions. SeeChange Health Insurance provides value-based benefit plans to fully insured employer groups — and is among the first to bring this unique approach to small and midsize companies. SeeChange Health Solutions provides flexible, efficient administrative services with the proven cost-control advantages of value-based benefit designs to self-insured employers. SeeChange Health Solutions also provides the leading consumer engagement and health incentive platform to employers, health plans and third party administrators. For more information, go to www.seechangehealth.com.
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