BB&T Announces HSA Offering

October 10, 2006 ( - BB&T Corporation has announced it will begin offering health savings accounts (HSAs) to qualified clients.

According to the announcement, BB&T will offer HSAs to institutional and commercial clients as an employee benefit through subsidiary Stanley, Hunt, Dupree & Rhine. It will also offer the accounts to interested retail clients who are covered by a high-deductible health plan.

BB&T Institutional Services Division Manager Ray McCulloch said in the announcement the firm will bundle HSAs, 401(k) plans, flex spending, group health and payroll services together to offer an attractive employee benefits package for small and large businesses.

“Many companies are re-evaluating health care coverage as a way to improve their bottom line,” he said. “They are turning to consumer-driven health care plans and options to shift money so that employees can manage their own health care dollars.”

Winston-Salem, North Carolina-based BB&T Corporation and its subsidiaries offer commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, payment services, international banking, leasing and trust.

More information can be found at .