Saturday, March 15, 2003

HSA Trustee Services Adds MyMedLab for Further HSA Savings

HSA Trustee Services Adds MyMedLab for Further HSA Savings

HSA Trustee Services, a nationwide leader specializing in no-monthly-fee Health Savings Accounts (HSA), is adding MyMedLab to its list of free products to bring additional savings to its customers.

Lake Geneva, WI (PRWEB) September 26, 2005

HSA Trustee Services, a nationwide leader specializing in no-monthly-fee Health Savings Accounts (HSA), is adding MyMedLab to its list of free products to bring additional savings to its customers. This new solution brings the same comprehensive lab testing, once only available to doctors, directly to the public at a savings of up to 80% less than the cost of traditional clinic or hospital testing.

"Our mission is to remove the barriers keeping consumers from learning more about their health. The first and most obvious barrier was cost. Even routine testing for conditions like Diabetes and Heart Disease can cost consumers hundreds of dollars in lab fees from local hospital labs. MyMedLab allows consumers nationwide to order and purchase their testing online as part of a group of thousands instead of a party of one. This negotiated group rate means the exact same tests costs 50%-80% less at our 1200 collection sites nationwide" explains David Clymer, President/CEO of MyMedLab.

"The second major obstacle is access to results. In the past, patient results were the property of the ordering physician and the patient had to wait on their doctor for results. This usually came in the form of a phone call weeks later telling them everything was fine. The old way leaves the patient dependant on their doctor for all their health care knowledge and what information the doctor is willing to disclose. MyMedLab reports directly to the consumer within 48 hours and allows them to decide who has access to the results.

The third major obstacle is privacy of medical records. As the health care industry moves to "digital records" to make a patient's health information more accessible between providers, they also make them more accessible to third parties like insurance companies and employers. These groups are protecting their own interests not the consumers. MyMedLab's goal is to educate consumers about their health without compromising their future insurability. By reporting screening results directly to consumers, the information is completely confidential and never becomes part of their permanent medical record unless they chose to provide them. 

MyMedLab is designed to be the easiest and most cost effective way for consumer to educate themselves about their health. We're helping consumer create their own Personal and Confidential Health Record much like they already have for financial and legal matters. The result is better health and lower cost. Screenings can detect potential problems early, when treatment and changes in lifestyle can be the most effective and least costly" says Clymer.

The addition of MyMedLab services is consistent with the philosophy of HSA Trustee Services. "Bringing additional savings to our HSA customers is of utmost importance to us. We believe strongly in Consumer Directed Health Plans, and believe they will restore the control for medical costs directly to the educated consumer. Our mission is to provide the tools, education and support that will lower health costs for our customers. MyMedLab can save hundreds of dollars on comprehensive lab testing. We are proud to add MyMedLab to our other HSA savings products, including Section 125 plans for pre-tax payroll savings, My Medical Control for assistance on consumer portions of the medical claim, and our hsa Rx Card program, which offers not only the ability to get real time pricing from a pharmacy in local area, but also the ability to identify the drug substitutions that may be available for the customer's current prescription that may yield significant savings, from an average 12.5% up to 45%", said Tim Morales of HSA Trustee Services. "We feel our no-monthly-fee account already offers significant savings over other providers, but we also believe strongly in offering complete support for consumers in their efforts to regain control over escalating medical costs".

For more information on MyMedLab please contact: David Clymer, President/CEO MyMedLab, Inc.

888-MY-MEDLAB

2401 Jackson

Joplin, MO 64804

Mymedlab. com

About hsa Trustee Services:

Hsa Trustee Services is a nationwide provider specializing in opening Health Savings Accounts (HSA) for individuals, families and groups since the inception of the HSA program in January 2004. For more information on this program, or the other benefits of using hsa Trustee Services, please call 866-hsa-2010. hsa Trustee Services, dedicated to "Keeping the $avings in the Health Savings Account".

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