Eflexgroup.com Announces Integrated HSA Product
Leading Administrator to Partner with Lighthouse1 on Innovative Consumer-Driven Health (CCH) Solution

Madison, July 3, 2008 – Madison-based eflexgroup.com announced today that it is partnering with Lighthouse1, the leading provider of consumer driven healthcare software solutions, to introduce an integrated HSA product. This ground-breaking HSA product (eflexHSA) will provide combined administration with an investment management platform and will work seamlessly with other pre-tax plans like flexible spending accounts (FSA) and Health Reimbursement Accounts (HRA).

“The demand for HSAs continues to grow as employers and individuals realize the advantages of consumer-driven health care,” said Ric Joyner, co-founder and co-CEO of eflexgroup. “The eflexHSA is fully integrated with all of our pre-tax benefit plans. Our customers will be able to manage all of their benefit accounts and investments from one, easy-to-use system. From a single point of entry, they can transfer funds, administer benefits, and get a detailed snapshot of their overall financial picture any time they choose.”

The eflexHSA provides several advanced functions including easy, online enrollment and 24/7/365 account access. In addition, customers’ funds automatically sweep into their investment accounts once the threshold is met. The investment portfolio includes educational resources and tools to help both novice and experienced account holders make decisions given their individual risk characteristics and situations. The HSA product also comes with a multi-purpose debit card for convenient access to funds across all benefit plans.

“No matter what the investor profile, this solution is attractive to everyone.” said Laine Brantner, COO of Lighthouse1, in Minneapolis. ”Consumers experience the tremendous power of managing their health benefits and investments in one place. It will enable the consumer to truly engage in the management of their Healthcare dollars.”
 

About eflexgroup.com
eflexgroup.com is a nationwide administrator specializing in CDH solutions including pre-tax benefit plans (FSAs, HSAs, HRAs, and Transit) and COBRA. Founded in 2000 on the idea that benefits administration should be easier, eflexgroup is a different kind of CDH administrator. With a customer focus and Lean Six Sigma quality tools, eflexgroup is creating the highest standards for customer service and innovation in the CDH market. The company differentiates itself with a commitment to three key business disciplines: fast answers, fast claims, and Web self service. “We don’t just talk about service. We prove it.”  Visit www.eflexgroup.com for more details including a daily posting of service metrics.

About Lighthouse1
Lighthouse1 delivers Consumer Driven Healthcare (CDH) administration software solutions including Lighthouse1 OnDemand™, the high performance Software as a Service (SaaS) solution, to resolve challenges in the administration of Section 125, 105, 132 and other pre-tax spending programs in the healthcare and employee benefits industry. Its mission is to use the latest technology and services to assist and support CDH administrators in the management of healthcare account services. Lighthouse1 OnDemand™ allows third party administrators and healthcare providers to manage services for employer plans that include: Flexible Spending Accounts (Medical and Dependent Care), Transit and Parking, Health Reimbursement Arrangements and Health Savings Accounts. More information is available at www.lighthouse1.com