SunTrust recently partnered with ConnnectYourCare, a consumer-directed health care account management provider, to administer health savings accounts. As a result of the partnership, SunTrust will be able to take advantage of ConnectYourCare's current online tools:

  • CDH Express: Small group employers can upload employee data for a variety of account combinations.
  • Real-time employer transparency and control tools: Employers can manage their employee and account data through the Employer Dashboard; employers can add or change employee information, such as employment status, demographic information, direct deposit and payroll deductions. Employers can also monitor claims activity and treasury-related money movement controls.
  • Participant health education and empowerment tools: ConnectYourCare provides a suite of online health-related tools such as hospital and drug comparisons, wellness and exercise guides, and medical research.
  • Health care payment card: SunTrust will offer ConnectYourCare's health care payment card to facilitate a consumer-friendly process for expense reimbursement.
  • Banking and investment platform: The SunTrust Solution includes competitive HSA investment options so account holders can choose how to invest the funds. Account holders will have access to HSA investments through a single sign-on portal, where they can view and select investment choices that include an FDIC insured deposit account and several mutual funds.

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