Software Release Improves Efficiency in Consumer-Directed Healthcare

Enhancing handling of reimbursements for providers, payers and patients 

MINNEAPOLIS, November 03, 2005 – The days when a patient's pre-tax healthcare dollars had to be used up before the year's end are soon to be a thing of the past. Similar to how an employer might 'carry over' employee vacation days into the following year, Lighthouse1 today announced industry leading enhancements to its software that will again make life easier for healthcare patients and administrators.  The Lighthouse1 OnDemand™ solution fully leverages recent changes in regulations to roll over Health Reimbursement Arrangement funds for employees, as well as leverage the new Flexible Spending Account grace period ruling which allows an additional two months and fifteen days to use these funds for qualified expenses.

"This is the future," said Jeff Bakke, Chief Operating Officer for Lighthouse1. "With these improvements in a product that is already leading the industry, we are further enhancing the way employers offer consumer-directed health solutions to employees.  By reducing the money spent on traditional health insurance, the overall tax burden to employers and employees, and the cost and complexity to administer these options, while increasing involvement and choice for health care consumers, everybody wins."

The software enhancements of Lighthouse1 OnDemand™ deliver the most advanced services in paperless technology to administrators of health benefit accounts such as: Medical Flexible Spending Accounts, Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs).  

"At Lighthouse1, we have always been customer driven," stated Jeff Fritz, Chief Executive Officer of Lighthouse1. "Our clients and future customers have asked for this technology, and we are making it available to them."

About Lighthouse1
Lighthouse1 delivers consumer directed healthcare (CDHC) 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 CDHC administrators in the management of health care account services. Lighthouse1 OnDemand™ allows third party administrators and healthcare providers to manage services for employer plans that include: flexible spending accounts, health reimbursement arrangements, variable employee benefits arrangements, health savings accounts and transit plans. More information is available at www.lighthouse1.com.

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