Mellon Financial Corp.'s human resources and investor solutions business said Wednesday that it had agreed with Group Insurance Trust of the California Society of Certified Public Accountants to offer health savings accounts to about 28,000 California Society of CPAs members.
Mellon is to supply custodial, record keeping, investment, debit card, and reporting services. And Group Insurance Trust is to make Mellon's HSA services available to eligible members who adopt its ProtectPlus HSA high-deductible medical coverage.
The Pittsburgh banking company offers a complete range of services for health plans and employers as well as interest-bearing, FDIC-insured accounts for individuals. Its HSA alliance and administration agreements now reach 130 million potential participants.
