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FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
Open Solutions Co-Hosts
Health Savings Accounts
Forum at The White House
-- Open forum addresses
government and market issues on the horizon --
GLASTONBURY,
Conn., April 30, 2008 – Open Solutions Inc.®, a
provider of integrated enabling technologies for financial services
providers across the United States, Canada and other international
markets, recently joined N.J.-based Information Strategies Inc., a media
and marketing company, to co-host an event on Health Savings Accounts
(HSAs) at The White House Executive Office Building in Washington, D.C.
on April 15.
More than 80
senior executives from major HSA custodial institutions, community banks
and credit unions representing more than 95 percent of all U.S. HSA
account holders attended the event to learn more on the political impact of
HSAs. Open Solutions offers major trustees, insurance carriers,
third-party administrators (TPAs) to insurance carriers and other
eligible financial institutions a comprehensive, outsourced processing
solution for HSAs.
During the forum, senior
policy makers and financial industry leaders addressed the
administration’s continued focus on accelerating the growth of
HSAs, the vulnerability of HSAs in the current political environment and
their potential future. Clients and prospects heard from several
political figures including Julie Goon, special
assistant to the President for Economic Policy; Steve Preston,
administrator, U.S. Small Business Administration; and W. Thomas Reeder,
benefits tax counsel, U.S. Department of the Treasury, as well as Congressman
Paul Ryan, R-WI; Congressman Chris Cannon, R-UT; Roy Ramthun, HSA
Consulting Services; Robert Patricelli, chairman & CEO Evolution
Benefits; and JoAnn M. Laing, president & CEO, Information Strategies
Inc.
According to Mike
Nicastro, SVP and CMO, Open Solutions, “As a thought leader in the
industry, Open Solutions was delighted to sponsor this event with
Information Strategies Inc. It is extremely important to bring industry
leaders as well as executive and legislative branch leaders together to
evaluate the progress of health savings accounts, and to help make U.S. healthcare more affordable and more widely available. This year’s event
highlighted the continued growth of HSAs, new challenges on the
regulatory front and competing visions for the future of healthcare in
the U.S. With the 2008 Presidential election nearing, it’s an
exciting time to be in this industry, as the years following the election
are expected to bring change to the nature of how we plan and pay for
healthcare . We look forward to working with industry and government
leaders to help create a better future for healthcare.”
About Health
Savings Accounts
The Open Solutions CFS division
provides outsourced information processing in the area of asset
retention, corporate banking, healthcare banking and insured deposit
services for banks, insurance companies and major corporations. Open
Solutions has developed a comprehensive and flexible suite of technology
and services to enable HSA service delivery for all the participants in
the healthcare market from the individual consumer and employer to third
party administrators, banks and investment brokers. Our proven solution
provides a secure set of services that enables the full range of HSA
activities from enrolment and contribution, to payments, account
management and investment.
About Open Solutions Inc.
Open Solutions Inc. offers a
fully featured strategic product platform that integrates core data
processing applications built on a single centralized Oracle relational
database, with Internet banking, cash management, CRM/business
intelligence, financial accounting tools, imaging, digital documents,
Check 21, interactive voice response, network services, Web hosting and
design, and payment and loan origination solutions. Open Solutions’
full suite of products and services allows banks, thrifts, credit unions
and financial services providers in the United States and Canada to better compete in today’s aggressive financial services marketplace, and
expand and tap their trusted financial relationships, client affinity,
community presence and personalized service.
For more information about Open
Solutions or its financial product line, contact Mickey Goldwasser by
email at mgoldwasser@opensolutions.com by phone at 860.652.3153 or via
fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.
Open Solutions Inc. is a registered
trademark of Open Solutions Inc. All other company and product names may
be trademarks of their respective owners. Copyright 2008. Open Solutions
Inc. All rights reserved.
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Editor’s
Note: The correct usage of the company name, Open
Solutions Inc., is either referring to it as Open Solutions Inc. or Open
Solutions. Open Solutions no longer uses the acronym of OSI to refer to
the company.
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Copyright ©2008 Open Solutions Inc. All rights
reserved.
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