Fifth Third Bank in Cincinnati said Friday that it has added health savings accounts to its product lineup.
Similar to the older flexible spending accounts, HSAs are tax-sheltered accounts that can be used by people with high-deductible health plans to pay medical expenses. People with health plans that have at least a $1,000 annual deductible for individual coverage or $2,000 for family coverage are eligible to open health savings accounts.
Fifth Third is a regional banking company with $98.3 billion of assets, 17 affiliates, and 1,090 banking centers.
