Fifth Third Bank

Consumer Directed Healthcare – Tax Advantaged Plans

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Our CDH Solution provides you with accounts that can easily be paired with your insurance plans. They give your employees the ability to save for out-of-pocket, qualified medical expenses while reducing your own costs. Our solution delivers a cohesive healthcare experience by incorporating a single platform, login, and Multi-benefit Card®. By doing so, we bring several accounts together into one, easy to use program for both you and your employees.

Health Savings Accounts

The HSA offers employees a triple tax advantage account, helping them pay for current medical expenses and save for the future with no “use it or lose it” stipulation.

Flexible Spending Accounts

The FSA allows employees to set aside a fixed amount of pre-tax income for qualified expenses including the following:

  • Medical
  • Limited Purpose
  • Qualified Parking
  • Mass Transit
  • Dependent care

Health Reimbursement Arrangements

The HRA allows you, the employer, to reimburse employees for qualified out of pocket medical expenses and/or individual health care premiums.

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