Benetrac, a Paychex company, announced that employers can enroll employees in a health savings account (HSA) with HSA Bank through BeneTrac’s employee benefits administration software. HSA Bank, named by independent sources as a leader in the HSA market, has been added as an HSA administrator option to the BeneTrac platform. Employees can now enroll in an HSA-compatible health plan and an HSA with HSA Bank at the same time. This reduces employee confusion and promotes participation in the HSA as an essential part of the benefit plan.
Best Doctors U.S. expanded its membership base in the first half of 2009 by 75% and increased revenue 100% over the same period last year. New employers added to the Best Doctors client roster include: JELD-WEN, Chrysler, Willis North America, and several major benefits consortia including Allegheny County (PA) Schools Health Insurance Consortium. These client additions join Best Doctors’ premier customer base, which are some of the nation’s largest employers that self-fund their employee health care benefits, including EMC Corp. and Genzyme Corp.
Walgreens (nYSe, nASDAQ: WAG) announced an agreement with Caterpillar Inc. (nYSe: CAt) that establishes a direct relationship for the purchase of prescription drugs using a transparent pricing model. Walgreens Pharmacy Management Excellence program provides transparent prescription drug pricing to employers who offer prescription drug benefits to their employees, dependents, and retirees. Under the program, Caterpillar is given a Walgreens Proprietary Price List, which is based off the cost Walgreens pays the drug manufacturer. Walgreens and Caterpillar also agreed to explore, through Walgreens Complete Care and Well-Being program, other ways of creating an integrated health care and pharmacy program.