Chard Snyder to Administer Fifth Third Bank’s Consumer Directed Healthcare Solution

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Partnership simplifies benefit administration and empowers employees to manage their healthcare dollars

Cincinnati, OH (August 2, 2016) – Chard Snyder is selected by Fifth Third Bank to administer its new Consumer Directed Healthcare (CDH) Solution. The solution makes it easier for business customers to administer high deductible health plans paired with tax-advantaged healthcare accounts such as a Health Savings Account (HSA), Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA).  For employees, the solution gives them the tools and technology to manage their healthcare expenses.

Chard Snyder administration services are broad and deliver the best outcomes for employers and employees:

  • A dedicated client management team
  • Comprehensive, seamless implementation
  • One platform, one multi-benefits card
  • Mobile app for anytime, anywhere account access
  • In-depth education and enrollment materials

“We want employees empowered to handle their healthcare dollars with ease and confidence, while knowing Chard Snyder’s customer service team is always available to provide that personal support” said Jodi Graham, vice president of sales for Chard Snyder. “And we equip employers with resources so that they understand their plan performance.”

Fifth Third recognizes that delivering affordable healthcare is one of the biggest challenges for its clients. More companies are moving to high deductible health plans which can help save on medical costs by having its employees more actively engage in saving and paying for their own healthcare. The Fifth Third CDH Solution allows companies to streamline benefits administration with all tax-advantaged accounts under one umbrella – a single platform, login, portal, and multi-benefit card – for a simple-to-use offering for both the employer and employee.

“It’s one more way we can help businesses save money and help their employees understand and utilize these tax-savings accounts,” said Jimm Bell, director of card services for Fifth Third Bank. “As benefits become even more important for employee retention, it’s a smart service for companies to offer.”

About Chard Snyder
Chard Snyder Benefit Solutions empower people to make their earned dollars go further in the areas they need most to care for their families. Our easy-to-understand and even easier-to-use benefit services for Savings and Spending Accounts, Benefit Continuation, FMLA Leave Administration, and Plan Documents are powered by sophisticated technology but supported by real people. Headquartered in Cincinnati, OH, we’ve been committed to creating a simpler today and more secure tomorrow for our clients, partners, and participants since 1988. Find out more about Chard Snyder Benefit Solutions at www.chard-snyder.com, or call 800.982.7715 to speak with one of our team members.

About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and over ,500 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2016, had $303 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858.

Send inquiries to marketing@chard-snyder.com