We offer a personalized and simplified approach to help members manage their health care costs and accumulate wealth with tax-advantaged health accounts. BenefitWallet integrates the member experience across the continuum of health care engagement, funding, saving and payment. We offer a scalable and portable solution that is easily configured to complement your approach to benefits administration.
Our BenefitWallet HSA is the nation's top HSA administrator. Our HSA solution was first brought to market in 2004, when Congress passed the legislation enabling HSAs. Since then, we have grown to be one of the largest administrators of HSAs in the nation. With The Bank of New York Mellon (BNY Mellon) as our custodian, Xerox serves 20,000 HSA employer customers and manages more than 1.7 million accounts with an accumulated $2 billion of assets.
The Bank of New York Mellon is the custodian for the FDIC-insured checking portion of the HSA. Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., BNY Mellon is a leading asset management and securities services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing marketplace. Headquartered in New York, BNY Mellon has $28.5 trillion in assets under custody or administration and $1.7 trillion under management.
BenefitWallet is a product offered by Conduent Inc., the world’s largest provider of diversified business process services with leading capabilities in transaction processing, automation, analytics and constituent experience. We work with both government and commercial customers in assisting them to deliver quality services to the people they serve.
We manage interactions with patients and the insured for a significant portion of the U.S. health care industry. We’re the customer interface for large segments of the technology industry. And, we’re the operational and processing partner of choice for public transportation systems around the world.
Whether it’s digital payments, claims processing, benefit administration, automated tolling, customer care or distributed learning – Conduent manages and modernizes these interactions to create value for both our clients and their constituents. Learn more at www.conduent.com