Tango Health, the premier provider of Health Savings Account (HSA) management software and services, today announced the launch of a new version of its health savings account administration portal for human resource professionals. Tango’s HSA administration and management portal reduces the time and burden of HSA administration by automating processes and providing complete visibility and control over the employer’s HSA program.
“Prior to Tango I was spending more than 20 hours a month managing our HSA program,” said Tanya Ruyle, Benefits Manager at Rackspace. “After bringing Tango onboard, I spend less than 1 hour a month managing our HSA program. The Tango administration portal makes it super easy to manage HSA enrollment, eligibility, payroll deductions, account contributions, employee messaging and program reporting.”
Tango’s latest innovations automate HR tasks, including census and payroll management, and provide enhanced visibility into an employer’s health savings account environment. With preset reporting views, Tango equips human resource administrators with immediate access to the most commonly used information they need regarding the status of HSA accounts and payroll-related transactions. Tango’s proactive alerts and change management features also help ensure full compliance with IRS regulations governing HSAs. The new features were created as a direct response to issues employers reported in their HSA administration experience with other providers: lack of payroll integration; little or no attention to assisting employers with compliance; no account-level tracking and monitoring of contributions to prevent the over-contributions that lead to unwinding transactions, re-creating and refiling tax reporting; and deficient tools to easily manage employer and payroll contributions,
“Tango has been a tremendous upgrade over our previous HSA program with a large bank,” said Luke Prettol, Compensation & Benefits Specialist at Aggreko. “Tango’s technology has eliminated the administrative issues that we had regarding HSA contributions, eligibility, reporting, and compliance management. In addition, Tango’s client services team is highly responsive and collaborative and they’re now my trusted HSA resource.”
“A big part of the Tango culture is to work closely with customers and make sure that when we bring innovations to market they’re highly relevant and address the specific needs of human resource professionals,” said Duncan Van Dusen, Co-founder and CEO of Tango. “Not only do we solve HR problems by delivering CDH solutions that employees really want but we also eliminate the management and administration burden that plagues traditional HSA programs.”
About Tango Health
Tango Health helps reduce the total cost of health benefits for employers and employees by maximizing the performance of consumer directed health plans. Employers that are focused on containing or reducing their health care costs have come to rely on Tango because its industry leading, and patented, management software and services slash the total cost of health benefits through dramatically increased HDHP participation as well as FICA Tax savings. To find out more about Tango HSA, visit www.tangohealth.com or call 855-468-2646.
Jeff Fugitt, 512-653-8295