Hawaii Medical Service Association Selects The Bancorp Bank as Their Preferred Health Savings Account Provider Tuesday May 17, 9:37 am ET
WILMINGTON, Del.--(BUSINESS WIRE)--May 17, 2005--The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq NM:TBBK - News), has been selected by Hawaii Medical Service Association ("HMSA"), the leading health insurer in Hawaii, as its preferred provider for Health Savings Accounts (HSA). HMSA plans to begin marketing HSA- qualified High Deductible Health Plans in the fourth quarter of 2005.
"We are truly pleased to have been selected by HMSA to implement its initial HSA product launch to their members," said Jill Kelly, Senior Vice President of The Bancorp Bank. "We look forward to working with HMThursday, November 04, 2004 9:38:15 PMBancorp Bank has been offering HSA solutions to institutional customers since the beginning of 2004. "We have designed a solution which includes all the necessary components of a successful product offering including a Visa branded debit card, check writing capabilities, an interest bearing account, investment options and several on-line tools for the consumer to use when funding and managing their account," said Kelly.
Bancorp provides support to plan administrators and participants via easy-to-use online tools allowing for efficient and seamless management of their account. Individuals with HSAs have full access to their accounts on-line and also to HSA-specific customer support by e-mail or telephone anytime, anywhere.
Please contact Jill Kelly at 302-385-5012, or email HSAinfo to learn more about the Bancorp's HSA solutions.
About The Bancorp Bank
The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc., is an FDIC insured commercial bank that delivers a full array of financial services and products through private-label affinity partner programs nationwide. Bancorp, through Philadelphia Private Bank (www.philadelphiaprivatebank.com), its regional community bank division, serves the needs of small and mid-size businesses and their principals in the Philadelphia-Wilmington region.
About Hawaii Medical Service Association
HMSA is a nonprofit, mutual benefit association founded in Hawaii in 1938. It is governed by a community board of directors that serves without compensation and includes representatives from health care, business, labor, government, education, clergy, and the community at large. HMSA is a member of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. Nationally, HMSA and 39 other Blue Cross and Blue Shield plans provide worldwide coverage to more than 91 million members.
-------------------------------------------------------------------------------- Contact: The Bancorp Bank Andres Viroslav, 215-861-7990 andres.viroslav
-------------------------------------------------------- Source: The Bancorp Bank