American insurance major MetLife has expanded its national benefits offerings to offer Health Savings & Spending Accounts.
Initially, the new proposition will offer Health Savings Account (HSA), Health Flexible Spending Account (Health FSA), Limited Purpose FSA, Dependent Care FSA and Commuter Benefits.
The Health Savings & Spending Accounts will also include single, multi-purpose debit card and integrated technology platform with one web portal and mobile app.
Additionally, customers with a minimum of $2,000 in their HSA will be provided different investment options. Moreover, employees can access education and decision-support tools.
Commenting on the latest offering, MetLife executive vice president of group benefits Todd Katz said: “We are continuously looking for ways to meet the evolving needs of our customers as they look to provide their employees with greater flexibility, personalisation and choice.
“Health Savings & Spending Accounts are a natural extension of our industry-leading employee benefits solutions. By offering employers an integrated experience and consolidated account management across all of MetLife’s benefits, we are helping them save time, reduce complexity and provide their employees with even more tools to help them realise their financial goals.”
Earlier this week, MetLife agreed to acquire Bequest, a digital estate planning service provider that does business as Willing.