Picwell, the next-generation decision support company, today announced a partnership with Bend Financial (Bend), the leader in health savings account and financial wellness technologies. Picwell’s advanced technologies will help Bend customers plan HSA contributions for short and long-term health expenses.
“The Bend platform truly represents the next generation of HSAs and we’re excited to be partnering with one of the industry’s leading innovators,” said Matthew Sydney, president and CEO of Picwell. “Bend’s focus on leveraging technology to help individual consumers optimize not only their health savings but how they interact with the healthcare system made them an ideal partner.”
Bend and Picwell are collaborating to provide an HSA contribution planner that helps accountholders understand their health saving needs based on their health conditions, retirement goals, and current HSA usage.
“At Bend, we are constantly looking for new ways technology can facilitate optimal health savings outcomes for our customers,” said Tom Torre, CEO of Bend. “Today’s collaboration with Picwell does just that – giving our customers access to technology that will help them better understand and manage future healthcare needs and potential costs.”
According to the Employee Benefit Research Institute (EBRI), the average couple will need nearly $400,000 to cover 90% of their healthcare expenses in retirement. With healthcare expenses increasing exponentially, it’s difficult to overstate the need for advanced benefit tools that assist individuals in planning for such staggering costs.
Source: PR Newswire