Consortium Health Plans is pleased to announce that SelectAccount will become an Associate Partner Member effective Jan. 1, 2018. Consortium recently established the Associate Partner Membership to foster greater collaboration and strategic alignment among Blue Cross® Blue Shield® (BCBS) Plans, Blue assets, and Consortium.
For years, SelectAccount has been at the forefront of innovation in health spending accounts and has earned a reputation as one of the most experienced and trusted account administrators in the country.
SelectAccount’s mission is to make consumer driven health care easy, affordable, and hassle-free. The company offers a full suite of spending solutions—from health and flexible spending accounts to VEBA accounts and more—that help employers and individuals meet their health care spending needs.
As an Associate Partner, SelectAccount joins forces with Consortium, Blue Plans, and other partners to deliver a stronger, unified message and a broader suite of health care solutions—building on our historic strengths of relationship and collaboration—to enhance Blue value through combined expertise, capabilities, and solutions.
Founded in 1989, SelectAccount is one of the largest health savings account (HSA) custodians and account administrators in the nation. SelectAccount manages HSAs for almost 500,000 members and more than 10,500 employer clients, helping people plan, save, and pay for health care costs. To learn more, visit selectaccount.com.
SelectAccount is owned by Aware Integrated, Inc., the parent company of Blue Cross and Blue Shield of Minnesota.
About Consortium Health Plans, Inc.
Consortium Health Plans was founded in 1994 by member Blue Cross and Blue Shield (BCBS) Plans to provide a central coordination point for member Plans that have national account clients. Consortium provides the sales, analytics, and marketing support necessary to insure that BCBS remains the preferred carrier for large national employers.
Today, Consortium remains the only sales and marketing entity that focuses exclusively on BCBS Plans’ national account growth efforts. BCBS Plans serve more than 26 million national account members; of those, nearly 25 million hail from Consortium’s 21 member Plans.