SelectAccount Introduces WalletDoc, a Unique Suite of Consumerism Tools Designed to Increase Buying Power of Health Savings Accounts

Eagan, MN (PRWEB) February 18, 2015

Today SelectAccount, a leading provider of health savings accounts, takes a leap forward beyond helping people save money to pay for health care expenses by announcing its new WalletDoc designed to stretch those dollars further. These account-based decision tools are the result of strategic relationships with leading consumer technology platforms including the proven My Health and Money solution created to promote money-saving health care decisions to individuals that wont compromise quality and adds up to savings for employers as well.

With the growth of consumer directed health care, people are not only faced with the challenge of saving to pay for health care expenses but they need to be savvy health care shoppers as well, according to David Cantu, SelectAccount Vice President of Marketing, Sales and Public Relations. Employers are moving towards Consumer Directed Health Plans (CDHPs) for their employee populations with little or no access to cost effective consumerism tools to complement the CDHP health benefit. With this shift to CDHPs, people are looking to make decisions based on the cost of care, best treatment options and peer support. To address the need for comprehensive information in a convenient location, WalletDoc has incorporated a robust platform of consumerism tools into our Online Member Service Center where people are checking their balances and paying claims when faced with health care expenses.

WalletDoc is a one-of-a-kind resource for treatment decision support, cost comparisons, savings opportunities through online care, medical discounts and medical bill negotiation, financial and peer support and health management tools. These valuable benefits empower individuals to take control regardless of where they are along the continuum of care considering treatment options, selecting a care facility, seeking savings or needing financial help for an expense already incurred. SelectAccount and My Health and Money are innovators in how to support and guide sound decision making in this era of high deductible health plans.

Our goal is to help individuals and families manage their high deductible coverage by showing them how to reduce their out-of-pocket expenses, said My Health and Money CEO and Co-Founder Evelyn Engert. This is especially important now as out-of-pocket costs are rising and everyone is looking for ways to get the most out of their health care dollars. We are excited to be an integral part of the SelectAccount WalletDoc suite of cost saving decision support tools.

WalletDoc will be available to individuals and employer groups in April 2015. To find out how to increase yours or your employees health saving account buying power, contact us at 1-885-363-2583 or SASales(at)SelectAccount(dot)com.

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