Blue KC will sunset relationship with preferred banking partner Further
Blue Cross and Blue Shield of Kansas City (Blue KC) has decided to sunset its relationship with Further, its banking partner for health savings accounts (HSA), flexible savings accounts (FSA), health reimbursement accounts (HRA), and dependent child reimbursement accounts (DCRA). Further was acquired by HealthEquity in 2021.
The relationship will sunset December 31, 2024, and Blue KC will not replace Further with a new preferred banking partner. As a result of Further being acquired by HealthEquity, existing Further clients will need to take action to transition their accounts to HealthEquity’s platform or choose a new banking custodian.
This timeline shows when communications will be distributed about the sunsetting. Blue KC will not be involved in the HealthEquity platform transition work.
June
- HealthEquity will provide brokers a list of transitioning clients.
- Blue KC will notify large groups of sunsetting decision in The Brief for Large Employer Groups.
July
- Blue KC will notify small groups of sunsetting decision in The Brief for Small Employer Groups.
- HealthEquity will notify groups of the transition.
October, November, December
- HealthEquity will notify members about the transition.
If you have questions about the sunsetting decision, please contact your Blue KC representative. If you have questions about the transition to HealthEquity’s new platform, please contact HealthEquity using the support information in HealthEquity’s upcoming communication.
