Alegeus Technologies Announces New Program with Walgreens to Deliver Unique Incentive Opportunities for Healthcare Account Participants

Program will enable Alegeus clients to enhance consumer engagement by
allowing their members to earn Walgreens Balance® Rewards points for
completing certain activities

WALTHAM, Mass.–(BUSINESS WIRE)–Alegeus
Technologies
, the market leader in consumer directed healthcare
solutions, today announced an agreement with Walgreens that will enable
Alegeus clients – including health insurance plans, third party
administrators, benefit brokers and financial institutions – to enhance
consumer engagement by allowing members to earn Balance® Rewards points
for completing certain healthcare saving or spending activities – such
as enrolling in and funding accounts, activating benefit debit cards,
making certain types of purchases using their cards, or making healthy
decisions.

By virtue of the agreement, participating Alegeus clients will have the
ability to designate specific reward activities that align with their
business objectives – such as increasing account participation,
improving engagement, increasing account and card utilization and making
healthy choices. Members will then have the opportunity to accumulate
Balance® Rewards points that can be redeemed on purchases made at
Walgreens or Walgreens.com.

“The Alegeus platform supports more than 26 million consumers and
processes more than $8.4 billion in consumer healthcare payments
annually – and a significant percentage of those transactions take place
at retailers like Walgreens,” said John Park, Chief Strategy Officer at
Alegeus. “We are very excited by this agreement, because it gives our
clients an expanded toolset to drive consumer engagement and incent
desired behaviors – meanwhile allowing their members to maximize the
value of their healthcare dollars by saving on common purchases at a
retailer that a significant percentage of our members are already
frequenting.”

“We’re pleased to work with Alegeus to launch an offering that’s
mutually beneficial for our customers,” said Adam Pellegrini, Walgreens
divisional vice president of digital health. “Walgreens maintains a
strong focus on improving population health, and our Balance Rewards
program supports this by rewarding healthy behaviors such as walking,
biking and weight management.”

About Alegeus Technologies

Alegeus Technologies is the market leader in consumer directed
healthcare solutions, offering the industry’s most comprehensive
platform for the administration of healthcare benefit accounts
(including FSAs, HSAs, HRAs, wellness incentive, dependent care, and
commuter accounts), the industry’s most widely-used benefit debit card,
and powerful engagement solutions to help consumers maximize savings and
optimize spending for their healthcare. Over 450 clients – including
health insurance plans, third party administrators and financial
institutions – leverage Alegeus’ deep expertise and proven technology to
administer benefit accounts for more than 26.4 million members and
process more than $8.4 billion in consumer healthcare payments annually.
As the healthcare and benefit markets continue to evolve, Alegeus
delivers solutions that enable clients to evolve their service
offerings, operate their businesses more efficiently, and focus on their
customers. The company is headquartered in Waltham, MA with operations
in Orlando, FL and Milwaukee, WI. To learn more about Alegeus, please
visit www.alegeus.com.

Contacts

Alegeus Technologies, LLC
Jennifer Irwin, 414-699-5927
jennifer.irwin@alegeus.com
or
PAN
Communications
Caitlyn Keating, 617-502-4300
alegeus@pancomm.com