Paul Verbene Joins PreAxia Board of Directors

CALGARY, June 1, 2018PreAxia Health Care Payment Systems Inc, (OTC Pink: PAXH), a publicly traded and fully reporting company  is pleased to announce that Mr. Paul Verbene has joined the company’s Board of Directors.

Mr. Verberne has been involved in the Healthcare Spending Account (HSA) industry since 2004, when he became counsel for HSA Bank (a division of Webster Bank). He provided legal and business expertise focused on tax favoured benefit accounts, helping HSA Bank grow from $8 million in HSA deposits to over $800 million in six years. HSA Bank is now a leading HSA provider in the USA with over $5 billion in assets. Mr. Verberne was also general counsel to the American Banker’s Association HSA Council and Tango Health, a leading benefits optimization solutions provider. He is currently a principal in HSA Consulting Services, LLC, which provides training and expertise to the HSA industry, and a partner in Verberne x Maldonado LLP in Houston, a law firm concentrating in business law. He received his B.A. in Liberal Arts (Economics/Psychology) from the University of Texas (Austin) and a Juris Doctorate from University of Houston Law Center.

Mr. Verberne will be providing strategic advice and guidance to PreAxia as it develops, rolls out and expands its HSA Management Solution throughout Canada and the USA.

About PreAxia

PreAxia Health Care Payment Systems Inc. (www.PreAxia.com) administers Healthcare Spending Accounts for businesses and their employees through its automated & paperless HSA Management Solution. The company is currently quoted on OTC Pink under the symbol “PAXH”.

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Media Contact:

Tom Zapatinas, President, PreAxia Health Care Payment Systems Inc. (888) 773-2952

Health Spending Accounts 2.0 Now Available

Health Spending Accounts 2.0 Now Available

CALGARY, July 3, 2017 – PreAxia Health Care Payment Systems Inc. introduces its new Health Spending Account (HSA) platform for businesses of all sizes.

It should come as no surprise that Health Spending Accounts are growing in popularity.  They help pay for individual health care expenditures which are a growing concern for businesses and their employees.  Businesses of all sizes save money while providing employee and owner health care benefits.

In 2011, PreAxia introduced the first paperless Health Spending Account using Internet technology.  Allowing businesses to establish HSA accounts on their own, to submit claims and receive payment using existing Internet and banking technology was a breakthrough at the time.  Today, the company’s updated platform provides more HSA choices plus support for today’s mobile devices, tablets and browser technology.  Unchanged is the paperless platform that simplifies administration and reduces costs.

Small businesses unable to justify health insurance can financially benefit from establishing a Health Spending Account.  Larger businesses that currently offer health benefits find that a Health Spending Account helps to control escalating expenditures without compromising on coverage.

PreAxia’s paperless platform has been simplified.  Employers and employees appreciate electronic submission of claims, quick payment of claims through electronic means, and the elimination of paper record keeping.   The new platform reduces the amount of information required of employers and employees in the administration and utilization of their HSA.

PreAxia’s HSA Education Centre has been enhanced to make it easier for businesses and individuals to learn about the benefits of Health Spending Accounts.  Access to the HSA Education Centre is available at www.PreAxia.com.

About PreAxia

PreAxia Health Care Payment Systems Inc. (www.PreAxia.com) administers Health Spending Accounts for businesses and their employees through its automated & paperless HSA Management Solution.  The company is currently quoted on the over the counter bulletin board (OTC/BB) under the symbol “PAXH”.

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Media Contact:  Perry Shoom, Vice President of Marketing, PreAxia Health Care Payment Systems Inc.  (416) 721-8247

PreAxia Introduces First Paperless HSA Service in Canada

Today’s launch follows three years of development to create the first fully integrated HSA solution for Canada’s brokerage and broker community.

 

PRESS RELEASE

– FOR IMMEDIATE RELEASE

PreAxia Introduces First Paperless HSA Service in Canada

CALGARY, November, 2011 – PreAxia Health Care Payment Systems Inc introduces their automated platform for managing Health Spending Accounts (HSAs) in Canada.  Today’s launch follows three years of development to create the first fully integrated HSA solution for Canada’s brokerage and broker community.  Through the use of Internet technology, PreAxia allows HSA brokers to more easily offer and manage HSA accounts.  PreAxia technology simplifies fund-management, claims adjudication, transaction processing and on-line health benefit administration, through a broker’s own web site.   This automation results in cost savings for both HSA brokers and the companies that purchase these services.

An HSA is a special bank account to set aside funds for personal health care.  Similar in ways to an RRSP, this account offers tax advantages to both employers and employees.  Unlike the more traditional insurance plans, HSAs provide employers and employees with greater control in both the amount of funds invested and how the funds are used.  These accounts are available through health insurance brokers and financial advisors.  More information on HSA accounts can be found at PreAxia’s broker web sites which are accessible through www.PreAxia.com.

With PreAxia, Brokerage Firms and Brokers can create their own health spending account program.  The system provides the tools to establish a privately branded health spending account product as well as design a web site and marketing materials to complement the brand.  The platform also provides tools to manage new customer relationships and an automated enrolment process.  “This is an extremely sophisticated technology that we believe will be embraced by every HSA agent in the industry.  We have eliminated all the broker, employer and employee paperwork from HSA management.  PreAxia provides the administrative expertise, technology and tools to help our broker community to succeed.  We allow brokers to spend less time on administration and focus on the personal relationship part of their business”, commented Perry Shoom, PreAxia’s Vice President of Marketing.

For Small to Medium-Sized Businesses, HSAs are an attractive way to provide health care options for employees while controlling costs.  Using the PreAxia platform, employers determine the amount of money they wish to deposit into an HSA.  Employees use these funds to pay for a broad range of health care services.  PreAxia’s platform provides the on-line tools to manage the plan, generate reports, communicate with employees, submit claims and be reimbursed for health related expenditures.

“A great deal of planning and thought went into this product” commented Tom Zapatinas, PreAxia’s President and CEO.  “Our goal to build a technical solution that would bring value to everyone in the HSA community, I am proud to say, has succeeded beyond our most optimistic expectations” added Mr. Zapatinas.

PreAxia offers a Free Webinar for professionals interested in learning about the company’s automated & paperless HSA Management Solution.  Interested individuals should send an e-mail to webinar@PreAxia.com with “Request Webinar Details” in the subject line.

PreAxia Health Care Payment Systems Inc. (www.PreAxia.com) provides HSA brokers, employers and employees with a comprehensive set of software applications for managing their client relationships and HSA accounts through a web browser.

 

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Media Contact:  Nelson Hudes, Hudes Communications International  (905)660-9155