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U.S. Bank partners with WebMD to boost HSA offering

U.S. Bank Healthcare Payment Solutions has partnered with WebMD to offer its U.S. Bank Health Savings Account customers enhanced online health tools from the provider of online health information services.

Ralph Bernstein, senior vice president of U.S. Bank Healthcare Payment Solutions, said these enhancements complement the U.S. Bank HSA program by providing a WebMD application platform that can help consumers determine their optimal HSA contribution and tax savings.

He said U.S. Bank HSA customers will now have access to additional resources such as medication and hospital comparison tools, healthcare calculators and information guides.

"Consumers trust WebMD's health information and its brand," said Bernstein. He said more employers and their employees are enhancing their health plans with health savings accounts.

Craig Froude, executive vice president at WebMD, said his company is excited to work with U.S. Bank because the partnership will provide HSA participants with comprehensive health information resources that enable greater healthcare transparency.

"U.S. Bank recognizes that health and financial decisions are closely linked and require an integrated view of the individual's benefit, provider and treatment options," he said.

U.S. Bancorp, with $266 billion in assets, is the parent company of U.S. Bank, the sixth largest commercial bank in the United States.