CINCINNATI, OH: Fifth Third Bank announces innovative Consumer Directed Healthcare Solution that offers high-deductible health plans along with tax advantaged financial accounts that include Health Savings Account (HSA), Flexible Spending Account (FSA), and Health Reimbursement Account (HSA). To offer seamless experience on a single platform, the company has partnered with Chard Snyder and WEX Health.
Consumer Healthcare Directed Solution (CDH)
CDH is a comprehensive solution that address needs of customers various requirements with easy administration. Benefits of this solution include easy to use portal, flawless implementation and servicing, faster reporting and fraud protection.
The easy to use portal offers budget planning for future healthcare needs, expense management and manages payments. It allows user to access multiple accounts in the same card and draw funds appropriately.
Fifth Third bank recognizes the importance of affordable healthcare and has teamed up with Chard Snyder and WEX Health. Chard Snyder helps in educating employees and employers on pre-tax benefits and long term savings while WEX Health offers healthcare payment solutions.
“It’s one more way we can help businesses save money and help their employees understand and utilize these tax-savings accounts,” says Jimm Bell, Director of card services, Fifth Third Bank. “As benefits become even more important for employee retention, it’s a smart service for companies to offer.”