Trustmark Mutual Holding Company is working with 2 other companies to expand options for purchasers of its high-deductible health insurance plans.[@@]
Trustmark, Lake Forest, Ill., says the new MyHSA fund administration program will provide new mutual fund investment choices for purchasers of its high-deductible, health savings account-compatible health insurance products.
Alliance Benefit Group of Illinois, Peoria, Ill., will handle administration for the MyHSA program, and a unit of Charles Schwab Corp., San Francisco, will handle participant assets.
Trustmark has been in the HSA market for 2 years.
Trustmark will sell the MyHSA program to employers with 2 to 3,000 employees through its CoreSource, Starmark, Trustmark Group Insurance and Trustmark Affinity Markets units.
Correction: An earlier version of this article misstated the headquarters location of Trustmark, incorrectly implied that Trustmark was new to the HSA market and incorrectly implied that the fund administration program was the same as the underlying HSA-compatible high-deductible health insurance.