"Tango Health's extremely user-friendly program and education package will open the world of HSAs to our worksite employees," said Richard G. Rawson, Insperity president. "It was important to find a solution for our worksite employees that corresponds with our core philosophy of providing best-of-breed HR solutions to our clients."
Health savings accounts offer a unique win-win benefit for employees and employers who utilize them in conjunction with a High Deductible Health Plan (HDHP). Industry reports show that HSA under-use cost employees as much as $4 billion in avoidable payroll and income taxes in 2010 alone. Tango Health makes the process of managing all aspects of HSA administration simple, including automated tracking of health expenses and end-to-end payroll deduction management. Tango Health also has increased HSA open rates from the industry standard of 55 percent to 99 percent, boosting tax savings for client firms and their employees.
With Tango Health, Insperity gains a competitive edge in its benefits offering. Tango Health also integrates with Insperity systems to simplify eligible employee census management and streamline the payroll deduction and HSA contribution process.
"For its entire history, Insperity has been a premier leader in the human resources services industry," said Duncan Van Dusen, Tango Health CEO. "Together, we look forward to delighting their employees with a simple solution to the elusive HSA tax savings opportunity."
About Tango Health®
Tango Health, Inc. provides innovative services and support to help employers and employees maximize the benefits of consumer-directed health care. The company's online Health Savings Account (HSA) management platform helps employers and employees save health insurance premiums and reclaim the billions annually lost to payroll and income taxes due to HSA under-use. Tango Health partners with the nation's top custodial banks, benefits brokers, consultants and carriers to strategically enhance their offerings for both employers and individuals. To find out more about the tax savings and employee satisfaction benefits the Tango Health service offers or to open an HSA account, visit www.tangohealth.com.
About Insperity
Insperity, a trusted advisor to America's best businesses for more than 25 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity™ Business Performance Advisors offer the most comprehensive Workforce Optimization™ solution in the marketplace that delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity. Additional offerings include MidMarket Solutions™, Performance Management, Expense Management, Time and Attendance, Organizational Planning, Recruiting Services, Employment Screening, Retirement Services, Insurance Services and Technology Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2010 revenues in excess of $1.7 billion, Insperity operates in 56 offices throughout the United States. For more information, visit http://www.insperity.com.
