DALLAS, Oct. 6 /PRNewswire-FirstCall/ -- Comerica Bank's (NYSE: CMA) business customers can now offer their employees an affordable option for managing their health care expenses with Comerica HealthReserve, a health savings account (HSA). Comerica HealthReserve is also available to individuals with high-deductible heath insurance coverage.
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"With healthcare costs continuing to outpace inflation, the Comerica HealthReserve account enables us to offer our business customers a chance to lower their expenses while helping their employees," said Cassandra McKinney, director of Retail Product and Sales Management for Comerica Bank.
HSAs, including Comerica Health Reserve, can help reduce a business' payroll taxes, health insurance premiums and administrative workload and give a company's employees more control over their healthcare costs.
Comerica HealthReserve customers will be able to view their account balances, pay their bills and store their healthcare receipts online. Healthcare bills can be paid online or by debit card. Comerica HealthReserve customers also will have the option to invest in mutual funds when their account balance exceeds $2,500.
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada, China and Mexico. Comerica reported total assets of $66 billion at June 30, 2008. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts .
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