Who is MyHealthFunds?

MyHealthFunds, Inc. is a Colorado based health care services company dedicated to helping employers and employees adopt, administer and benefit from Consumer Directed Health Care programs featuring Health Savings Accounts.

What does MyHealthFunds do?

MyHealthFunds provides employers and employees with a complete end-to-end consumer directed healthcare solution. This includes a proprietary software platform, BenefIT, developed by Consumer Health Technologies, a leading provider of software solutions for the consumer directed industry.

In addition to featuring a rich online account management platform, MyHealthFunds provides each member with access to our dedicated support team trained specifically to help with the administration and implementation of Health Savings Accounts. This enables us to ensure that our members receive the maximum level of satisfaction and support.

How is MyHealthFunds different from brokers or TPAs?

We specialize in Consumer Directed Health Care & HSAs and are able to deliver the expertise, tools and support that a typical broker or TPA is simply not equipped for. We offer an comprehensive integrated solution under one roof and provide ongoing dedicated support to ensure success and satisfaction.

We implemented an HSA but adoption was low. How can you implement HSA better?

We were founded specifically for this reason. Many companies found a lack of education and support that is necessary to implement a successful Consumer Directed Health Care program. We have a highly trained staff that will walk you and your employees through every step of the initial setup process and we maintain a high level of continuous support.

Do I have to change my existing broker realtionship?

MyHealthFunds supports and coordinates the plan design and implementation with your broker of choice. We do not require that you change your relationship with your current broker.

We evaluated a CDHC plan and couldn't find enough cost savings. What's changed?

Many of our clients have been excited to find this is the year that carriers are quoting plans with significant premium savings for the first time. Due to its increased popularity carriers have become more competitive with their CDHC pricing.

Are you trying to sell us insurance?

We don't sell insurance. We do have a relationship with an insurance broker to help facilitate quoting and enrollment in the health plans. We provide unbiased carrier comparisons and work with you directly to meet your needs.

How do I communicate this to my employees?

We work with you to develop an employee communication strategy. Pre-enrollment education is very important and we have a number of ways to inform your employees. With our "train-the-trainer" program, your HR Manager will become your in-house expert, but we provide ongoing support long after the initial enrollment period.