February 9, 2012 – Minneapolis, MN – ™, the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, Wellness and Transit Plans, announced today that Paybefore has chosen Health SolutionsPlus as a 2012 Paybefore Awards winner in the Best Health Care/Health Benefits Prepaid Program category.
Health SolutionsPlus, launched in March 2011 by The Great-West Life Assurance Company, a leading Canadian group benefits provider, in conjunction with Visa® Canada and Evolution1 uses a Visa-branded employee benefits payment card. Using the card reduces the need for Great-West Life group benefits plan members to pay out-of-pocket for health services and supplies covered by their healthcare spending account (HCSA). Powered by the innovative card technology of Evolution1, the Health SolutionsPlus Visa payment card allows cardholders to conveniently purchase covered health services and supplies from authorized providers simply by swiping their card.
“We’re delighted with this recognition and with the performance of Health SolutionsPlus,” said Brad Fedorchuk, vice president of group marketing at Great-West Life. “Not only has Health SolutionsPlus delivered an enhanced experience for plan members, it has also enabled us to launch cost-containment product options that can help plan sponsors implement cost-saving plan changes while maintaining plan member satisfaction.”
“Evolution1 deserves a tremendous amount of credit for us winning this award,” Fedorchuk continued. “The user experience and technology platform provided by Evolution1 are second to none.”
“We’re honored to play a part in the recognition of Health SolutionsPlus,” said Jeff Young, chairman and CEO of Evolution1. “In the ever-changing landscape of consumer healthcare, our commitment has remained steadfast: to reduce costs and simplify the business of healthcare. Health SolutionsPlus does just that, and Great-West Life is to be commended for their innovation and leadership as related to HCSAs.”
The Paybefore Awards, now in their sixth year, are the most prestigious recognition of excellence in the worldwide prepaid and stored value card industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid community. Health SolutionsPlus was selected by a panel of five industry experts who served as judges for this year’s competition, which – once again – included entries from around the world.
“Paybefore Awards were created to honor the companies and individuals that are keeping prepaid on the cutting edge of payments,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel.
“Our industry continues to break new ground and expand the reach of electronic payments because of companies like Great-West Life, Visa and Evolution1 that make innovation and execution a priority,” she continued. “We are proud to recognize their contributions to advancing the prepaid industry.”
“Prepaid is the fastest-growing area of payments because it addresses unmet payment needs of consumers, businesses and governments,” added Marilyn Bochicchio, Paybefore’s CEO. “Paybefore Awards recognizes the creativity of prepaid practitioners in developing programs that address these needs more effectively than cash, checks or even other types of payment cards.”
Health SolutionsPlus now will vie for best-in-category distinction, which will be announced during the Paybefore Awards ceremony on March 12 at the Prepaid Expo USA (
www.prepaidexpousa.com).
