How Ametros Protects Members’ Funds and Information
When settling an insurance claim, ensuring settlement dollars are secure is top of mind for injured individuals. With Ametros, members get peace of mind knowing their settlement funds are protected by layers of federal compliance, continuous testing, and advanced technology. When it comes to managing Medicare Set-Asides and settlement accounts, Ametros offers transparency and confidence to members. Our secure approach is designed to remove complexity, reduce risk, and give members full control over their settlement funds. Whether it’s accessing account information securely online or relying on MSA compliance, Ametros is committed to delivering long-term peace of mind.
What We Don’t Do - Because It Matters
To eliminate conflicts of interest and further protect our members:
- We do not pool a member’s funds with others
- We do not invest funds in volatile instruments
- We do not use multiple banks or intermediaries that could complicate security
- We do not generate MSA reports for insurance companies that could present post-settlement conflicts
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Regulation and Oversight
Ametros is proud to be regulated by the Office of the Comptroller of the Currency (OCC) and fully compliant with Sarbanes-Oxley Act (SOX) and Gramm-Leach-Bliley Act (GLBA). Additionally, we adhere to all technological standards and are compliant with HIPAA and PCI regulations as well as follow state regulations for managing personal information. Our compliance with these regulations helps to ensure our members' funds remain safe and protected.
Security and Transparency You Can Count On
Our members’ funds are:
- Federally backed and FDIC insured, with each account held separately under the member’s name and Social Security Number
- Managed under the secure umbrella of Webster Bank (NYSE: WBS), ensuring strict adherence to bank-level security protocols. Webster’s diverse and differentiated funding sources, including client deposits across our consumer, commercial and Healthcare Financial Services, provide Webster with strong liquidity.
- Accessible anytime through a secure online member portal and mobile app, giving members control and visibility into their finances.
Continuous Monitoring and Independent Testing
Security is not a one-time effort; it requires ongoing vigilance. That’s why Ametros:
- Partners with independent third parties to perform regular penetration testing
- Conducts annual external and internal audits of financial and operational procedures
- Reviews risk management, savings levels, service quality, and internal controls for continued protection
- Assesses health information controls and delivers regular staff training to maintain top-tier compliance and performance
Highest Rated Technology Standards
All sensitive data managed by Ametros is stored in secure, co-located facilities that meet the highest industry standards. We can provide SOC-2 reports upon request, and we only collaborate with vendors that uphold strong and verifiable security policies. Every communication and file transfer are encrypted at rest and in motion, ensuring member data is never compromised.
Security, Support, and Simplicity - that’s the Ametros promise.
At Ametros, safeguarding our members’ funds and personal information is more than a responsibility - it is a commitment. As the nation’s largest and only professional administrator with bank-level security, Ametros ensures that members can trust that their financial and personal data is protected.
