Blue Cross Blue Shield Of Missouri Contracts With JPMorgan For Health Savings Accounts Compatible With High Deductible Health Plans
Blue Cross Blue Shield of Missouri (BCBSMo) today announced it has arranged to have Health Savings Accounts (HSAs) provided by JPMorgan directly to eligible BCBSMo members. BCBSMo has arranged for ARCUS Financial, a division of ARCUS Enterprises, Inc., to provide services related to the opening and maintenance of these HSAs. BCBSMo previously announced that, effective July 1, it began offering the High-Deductible Health Plans (HDHPs) designed to be compatible with HSAs to individuals and group employees. HSA-enabling legislation became effective as part of the Medicare Prescription & Modernization Act signed by President Bush on December 8, 2003.