FT. LAUDERDALE, FL, August 21, 2009
/24-7PressRelease/ -- Consumer Health Technologies, Inc. ("CHT") has signed an agreement with Millennium Trust Company ("MTC"), an innovative custodial and administrative firm providing investment and Health Savings Account (HSA) solutions to use BenefitSpan as their HSA administration and CDHC service delivery platform. MTC will integrate and deploy BenefitSpan as their total HSA administration and Health banking solution. MTC is committed to bringing cost efficiencies that enable consumers to spend and save their healthcare dollars wisely and giving consumers the access and ability to transfer excess funds from HSA account to an expansive choice of investment accounts, thereby maximizing consumer control and choice.
CHT is a software company that offers BenefitSpan , a total Consumer Directed Healthcare (CDHC) administration and service aggregation platform. BenefitSpan brings a new level of service and efficiency to healthcare banking, account administration, benefit program administration, service integration and delivery. BenefitSpan gives clients the unprecedented ability to provide a totally private label HSA platform with expanded cash management, investment and communication capabilities including configurable settings for contributions, balance notification and bill payment.
By leveraging the strengths of both companies, MTC will have a strong and flexible HSA platform that seamlessly integrates both healthcare banking and investments accounts in a single platform. The platform enhances MTC's ability to serve their existing client base which includes individuals, employers, financial advisors and third party administrators. "The platform which will be launched in early September is critically important to our overall growth strategy and allows us the flexibility to provide creative solutions in the health and wealth arena. BenefitSpan provides additional account access tools to manage the client's banking, investment and wellness needs, giving a total picture of their HSA portfolio. We share CHT's vision for consumer empowerment making our selection of CHT the best solution for us," comments Scott McCartan, CEO of Millennium Trust Company.
"We are excited and proud to add MTC to our family of clients. MTC brings a unique and compelling value proposition to their clients and have demonstrated a strong commitment to serving their clients with easy-to-use and effective healthcare banking and HSA solutions. The adoption of BenefitSpan will allow MTC to expand their products, services and revenue", said Pradeep Goel, CEO of Consumer Health Technologies, Inc.
About Millennium Trust Company
Millennium Trust Company leads the industry in administrative and custodial services. Millennium Trust Company custodies alternative and traditional assets in Self-Directed IRAs and Solo 401(k)s, creates customized Automatic Rollover IRA programs, provides integrated Health Savings Account solutions, and designs unique trading platforms for Investment Advisors. Additional information about Millennium Trust Company may be found at http://www.mtrustcompany.com.
About Consumer Health Technologies, Inc.
Consumer Health Technologies, Inc. enables Third Party Administrators (TPA), Banks and Payers to rapidly assemble, price, deliver and administer, consumer centric health benefit accounts and services via BenefitSpan , the Total CDHC service platform. BenefitSpan supports rapid integration and delivery of healthcare transactions, financial services and a wide array of supporting services such as wellness programs, incentive programs, discount programs, bill management, payment administration, advocacy, dispute management and more. These services can be assembled, personalized and delivered in a targeted fashion to meet the needs of the individual and group clients for HSA, HRA and FSA account solutions.
To learn more about the benefits of our CDHC products and services call (954) 315-0902 or visit our website at http://www.consumerhealthtech.com.
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