AmeriHealth New Jersey Market Edge Article
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December 2021
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Market Edge
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News for All Segments | AHNJ
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HSA vendor update and customer impacts
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WealthCare Saver HSA updating bank depository
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On March 31, 2022, Alegeus (doing business as WealthCare Saver) will move to BMO Harris as the bank depository for health savings account (HSA) funds managed through WealthCare Saver. This means BMO Harris will handle all money movement to and from employees’ HSAs, including contributions to and payments from those accounts.
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Action required by some employers
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As a result of this update, there are minor but important actions employers may need to take regarding automated clearing house (ACH) filters. Alegeus will be reaching out directly to impacted employers soon with information about new company IDs and/or ACH filters that may need to be added, as well as details on testing it will perform between December 2021 and March 2022.
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Account holder impacts and outreach
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This update will also affect the small number of account holders who make direct deposits into accounts (separate from employer‑directed deposits) or who have provided their account information to providers. Alegeus will reach out directly to members and provide customers with draft communications for employees. This update will not affect HSA debit cards.
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If you have any questions, please contact your account representative.
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