Fifth Third Bank has launched a new consumer directed healthcare solution to make it easier for employers to administer high deductible health plans and tax-advantaged financial accounts.
Fifth Third's CDH solution has consolidated all of the tasks associated with HDHP administration within a single platform for both employers and employees. The new product makes use of a single portal, login and employee benefit card for both employer and employee to make managing healthcare accounts more straightforward.
In a prepared statement, Jimm Bell, director of card services for Fifth Third Bank, said, "[CDH solution] is one more way we can help businesses save money and help their employees understand and utilize these tax-savings accounts."