AISHealth. "The Treasury Department has told us
that one of its top goals for 2005 is to encourage banks and credit unions to
make HSAs available.

Category is for insurance agents and marketers web sites which offer medical savings accounts only.

Contributions to the MSA may be tax-deductible for qualified individuals under federal tax law and withdrawals may be tax-free for certain qualified medical expenses.

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Collectively, the firms have opened more than 425,000 HSAs since Jan. Average monthly contributions to the
accounts typically are between $100 and $150 and can include individual and
employer dollars, ICDC finds.com/ConsumerDirected/CDarticles /ICDCrelease. HSAs are
similar to 401(k) retirement plans in their portability, and can be opened by
virtually anyone who has a high-deductible health plan (at least $1,000
annually for single coverage and $2,000 for couples and families). For
subscription information, or to get a free copy , visit
http://www. RIDGEFIELD PARK, N. FBMC has clients in 20 states and administers flexible
benefit programs for numerous State, School District, City, County, and
private employers throughout the nation.0 trillion in assets under management, administration or custody, including
$729 billion under management.

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and TALLAHASSEE, Fla.

About FBMC
FBMC is a nationally recognized benefits administrator, specializing in
Tax-Favored Accounts including Flexible Spending Accounts (FSA), Health
Reimbursement Arrangements (HRA), Health Savings Accounts (HSA), and Qualified
Transportation Benefits (QTB). FBMC also provides self-funded benefits, COBRA,
and 401(k) administration services .

account hsa

Inside Consumer-Directed Care is a biweekly subscription newsletter
published by Atlantic Information Services (AIS) in Washington, D.com/Products/NewsICD.
The integrated HSA product includes financial services provided by Mellon,
such as checking and debit cards to pay for qualified medical expenses, an
investment account and IRS-required tax reporting, along with services such as
claims administration, customer service, online tools, and employee education. For employees , the pre-tax contributions will reduce their income taxes
while allowing them to set aside money for their health expenses.

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1, 2006, when
many employers begin their plan years. Founded in 1976 and headquartered in
Tallahassee, Florida, FBMC is one of the largest administrators of tax-favored
accounts in the nation.

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They empower participants in their
current health care strategy and provide a financial instrument to help meet
their future medical needs. See FBMC on the Web
at http://www.

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AISHealth .

"We are pleased to partner with Mellon, an innovative and leading provider
of financial services," said Lorraine Ritch, president and CEO of FBMC.

A medical savings account (MSA ) is a combination of a high deductible health insurance policy and a tax-sheltered savings account, similar to an individual retirement account.

qualified account

qualified cna

Several HSA administrators had previously administered
MSAs, many of which have been converted into HSAs.html. Mellon offers
participants with a minimum balance, the opportunity to open a separate
investment account.

sheltered dreyfus

$460 Million Now Held in Health Savings Accounts ICDC Reports

1, 2004.J.

About Mellon Financial Corporation
Mellon's Human Resources + Investor Solutions is a global human resources
outsourcing, consulting and shareholder services business that creates value
for clients through a complete range of human capital management and
shareholder solutions.

mellon qualified

Visit
http://www. These health plan
members are predominantly public sector employees nationwide. Both employers and employees can
contribute to HSAs -- up to $5,250 for a family and $2,650 for individuals in
2005.

irs hanratty

Mellon and FBMC Announce Health Savings Account Alliance

cna msa

WASHINGTON, Administrators of health savings
accounts (HSAs ) have amassed $460 million in deposits, according to data
gathered by Inside Consumer-Directed Care (ICDC) through interviews with 21
financial firms including JPMorgan Chase, Mellon Financial Corp .

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"
A provision in the Medicare Prescription Drug, Improvement and
Modernization Act of 2003 , signed by President Bush in December 2003, gave
birth to HSAs. Mellon's growing list of HSA alliance and administrative
agreements currently reaches 130 million potential participants. Unused HSA balances can be carried forward from year-to-
year, rolled over if the individual changes jobs or even used for post-
retirement health expenses.

merrill sheltered

"
Mellon is a leading provider in HSAs, offering a complete range of services
for health plans and employers, and interest-bearing, FDIC-insured accounts
for individuals. The accounts are
offered in conjunction with a high deductible health plan that provides
security against catastrophic medical costs. (ACS) in a transaction that is expected to
close before the end of June 2005. Its asset management companies include The
Dreyfus Corporation and U.mellon.

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1,
2004, and are opening an average of 50,000 new ones each month, reports ICDC,
an independent newsletter from Atlantic Information Services, Inc.C.
"We expect to see tremendous growth in HSAs in 2006 as local banks begin
to look at the accounts as a way to boost overall deposits and attract new
customers," says ICDC Editor Steve Davis, who has been tracking trends in
account -based health plans since 2002. Mellon Financial Corporation (NYSE: MEL),
a global financial services company, is headquartered in Pittsburgh and is one
of the world's leading providers of financial services for institutions,
corporations and high net worth individuals, providing institutional asset
management, mutual funds, private wealth management, asset servicing, payment
solutions and investor services, and treasury services.

accounts kelsey

, Exante Bank
and Wells Fargo.) and Salt Lake City-based Exante Bank (a division of
UnitedHealth Group) -- say they are opening more than 8,000 new accounts each
month , and expect that number to increase dramatically on Jan.html. Mellon has more than
$4.

scra msa

Two of the largest HSA
administrators -- Sheboygan, Wis.
HSA Bank, which began administering Archer medical savings accounts (MSAs)
in 1997, is the nation's largest administrator with 110,000 HSAs and $200
million in deposits.com.

msas sheltered

MSAs -- which at their peak
covered just 250,000 people -- are far more restrictive and available to fewer
people than are HSAs., Mellon Financial Corporation's Human Resources + Investor Solutions (HR+IS)
business and Fringe Benefits Management Company (FBMC) today announced an
alliance to offer Health Savings Account (HSA) products and services to the
nearly two million members of health plans served by FBMC. "HSAs
represent a powerful catalyst for change from the traditional health plans to
more consumer centric health initiatives.-based Newton Investment Management Limited.

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irs withdrawals

The first accounts were opened on Jan.

qualified scra

-based HSA Bank (acquired this year by
Webster Financial Corp. The article and table can be found at
http://www. AIS provides specialized
business information for health care managers and advisors."
"HSAs are an effective new approach for addressing spiraling health care
costs," said James D. Aramanda, Mellon vice chairman and head of its HR+IS
business .
HSAs, which were authorized by the Medicare Prescription Drug, Improvement
and Modernization Act of 2003, are portable health savings accounts that
consumers can use to pay for qualified medical expenses.

mii marketers

, a health
care business news publisher based in Washington, D.AISHealth. On March 16, 2005, Mellon announced a definitive
agreement to sell its Human Resources consulting and outsourcing business to
Affiliated Computer Services, Inc.

msas kelsey

C.fbmc-benefits.com .com .

savings trustee

"Creating alliances with health plan management leaders such as
FBMC fits our strategy of becoming the premier provider of these services. Employees
accumulate tax-free interest on their HSA balances and do not pay any taxes
when using the money to pay for qualified medical expenses. News
and other information about Mellon is available at http://www.