The suite of products features a range of tax-advantaged solutions designed to meet employee needs
NEW YORK--(BUSINESS WIRE)--
MetLife, Inc. (MET) today announced an expansion of its benefits offerings in the U.S. to include Health Savings & Spending Accounts. These products provide employees tax-advantaged benefit account solutions that will help to maximize existing healthcare and voluntary benefits offerings. MetLife’s new suite of products will be available across the U.S. for 1/1/2021 plan effective dates.
“We are continuously looking for ways to meet the evolving needs of our customers as they look to provide their employees with greater flexibility, personalization and choice,” said Todd Katz, executive vice president, Group Benefits at MetLife. “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 realize their financial goals.”
MetLife’s Health Savings & Spending Accounts suite of solutions will initially include Health Savings Account (HSA), Health Flexible Spending Account (Health FSA), Limited Purpose FSA, Dependent Care FSA and Commuter Benefits. MetLife is offering a robust end-to end solution to employers and brokers, providing a best-in-class employee user experience, powered by WEX Health.
MetLife’s Health Savings & Spending Accounts will include several best-in-class features:
Continued Katz, “Having Health Savings & Spending Accounts as a MetLife offering, and the ability to integrate these products with a range of benefits administration platforms, means that employers can offer a smoother and more seamless experience, eliminating some of the complexities of using multiple providers.”
MetLife, Inc. (MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
This news release may contain or refer to forward-looking statements. Forward-looking statements give expectations or forecasts of the future using terms such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will,” and other terms tied to future periods. Results could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are based on assumptions and expectations. They involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. The company has no obligation to correct or update any forward-looking statement.
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