Ascent Assurance Inc., a Fort Worth insurance affiliate of a Credit Suisse First Boston LLC subsidiary, started its version Thursday of a Health Savings Account compatible with high-deductible health plans.
The high-deductible health plans, called MedEquity, are to be marketed by NationalCare Marketing Inc., a subsidiary of Ascent Assurance, and will be available to both individuals and families in most states.
The company’s insurance subsidiaries have created a strategic alliance with First HSA Inc., a Reading, Pa., health savings account administration company, in connection with the accounts to be established by participants in MedEquity high-deductible health plans. Health savings accounts established with First HSA are to get competitive interest rates and investment options. First HSA will also offer MedEquity high-deductible health plan insureds a checkbook and Visa debit card access to the funds in their accounts.
