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SunTrust Introduces Health Savings Accounts for Employers Seeking to Take Control of Healthcare Costs
Date:12/16/2008

ATLANTA, Dec. 16 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) announced today a turn-key Consumer-Directed Healthcare (CDH) solution for employers seeking to take control of their healthcare costs. The SunTrust Health Savings Account (HSA) combines administrative and financial components, including a healthcare payment card, integrated account management, online healthcare tools, and HSA investment options, offered through a single trusted custodial partner.

"SunTrust is committed to providing solutions that assist our clients in establishing a sound financial foundation," said Gary Plourde, Senior Vice President, SunTrust Institutional Investments Director of Sales. "We recognize that managing the rising cost of healthcare while achieving sustainable business growth is one of the greatest challenges businesses face today. In an effort to meet the demands of this dynamic market, SunTrust has launched a turn-key HSA product designed to accommodate the business needs of any organization regardless of size."

In partnership with ConnectYourCare, a leading provider of innovative CDH tools and account administration, the SunTrust HSA incorporates a user friendly web portal with helpful wellness information to empower individuals to take greater control of their healthcare financial planning.

Benefits of the new service include:

-- Real-time Employer Reporting and Control Tools: Employers can manage their employee and account data through access to the Employer Dashboard, an online management tool that enables employers to maintain and update employee information, such as employment status, demographic information, direct deposit, and payroll deductions. Employers also have access to a variety of reports to help monitor account activity related to claims, as well as treasury-related mon
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SOURCE SunTrust Banks, Inc.
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