Trustmark Mutual Holding Co. announced that it will offer the MyHSA product from The Charles Schwab Trust Company and Alliance Benefit Group of Illinois. Trustmark, through its CoreSource, Starmark, Trustmark Group Insurance and Trustmark Affinity Markets subsidiaries, provides consumer-directed products to companies with two to more than 3,000 employees.
The Charles Schwab Trust Company serves as the custodian for MyHSA, while the Alliance Benefit Group of Illinois serves as the program’s delivery source.
MyHSA is a Health Savings Account program (HSA) that offers participants a fully integrated menu of mutual fund investment choices in addition to a fixed rate of return option. Employee contributions can be made directly or through pretax payroll deductions, and employers may contribute to the MyHSA accounts with savings from reduced premiums in either fixed dollar amounts or by matching contributions, as they do with 401(k) plans.