SunTrust introduces HSA program

Another financial institution has started offering HSAs. Again, we ask, what took you so long?

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.”