CareSource and Fifth Third Bank Partner to Promote Health and Financial Wellness

Financial Stability Plays Important Role in Health and Community

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Aug 10, 2017, 15:43 ET

DAYTON, Ohio, Aug. 10, 2017 /PRNewswire/ -- Wellness and financial health often go hand in hand. That's why CareSource and Fifth Third Bank are working together to improve the physical and financial well-being of their communities. Research shows that families who are struggling financially tend to be in poorer health. Nonprofit health plan CareSource and Fifth Third are teaming to combat both problems, and to build stronger families and communities.

As an added benefit, CareSource is making it easy for its members in Ohio, Indiana, Kentucky, West Virginia and Georgia to access Fifth Third Bank's Express Banking services. One of the access points for CareSource members is through its Life Services program. These members already are bettering their lives through coaching and JobConnect, which strives to remove barriers to employment by lessening dependency on government subsidies.

As well, Fifth Third offers financial planning tools for CareSource members to get help with topics such as budgeting and saving, eliminating debt and understanding credit.

"At CareSource, we take a holistic approach to address the obstacles our members face that can impact their health and overall well-being," said Jim Gartner, CareSource vice president of pharmacy and retail strategy. "Our partnership with Fifth Third reflects our commitment to improve not just the health of our members, but their lives."

As CareSource members move toward full-time employment, Fifth Third is there to provide money management education, through its L.I.F.E. (Lives Improved through Financial Empowerment^®) programs. These programs include Empower U^® classes and Financial Empowerment Mobiles, or eBuses, that travel throughout Fifth Third Bank's 10-state footprint providing on-demand, on-the-go financial services.

"We want to build healthy communities," said Mike Butera, head of the Retail Bank for Fifth Third Bancorp. "Working with a trusted partner like CareSource helps us build a direct connection between financial and physical health. We are proud to partner with CareSource to further both of our missions to take care of our communities and put people on firm financial footing."

For more information, please visit 53.com/CareSource.

About CareSource
CareSource is a nonprofit nationally recognized as an industry leader in providing member-centric health care coverage. Founded in 1989, CareSource administers one of the nation's largest Medicaid managed care plans. Today, CareSource offers individuals and families comprehensive health and life services including Marketplace and Medicare Advantage plans. Headquartered in Dayton, Ohio, CareSource serves more than 1.9 million members in Ohio, Kentucky, Indiana, West Virginia and Georgia. CareSource understands the challenges consumers face navigating the health system and works to put health care in reach for those it serves. For more, visit caresource.com, follow @caresource on Twitter, or like CareSource on Facebook.

About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company had $141 billion in assets and operated 1,157 full-service Banking Centers and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. As of June 30, 2017, Fifth Third also had a 17.7 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2017, had $330 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations through its Trust, Brokerage and Insurance businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the Nasdaq® Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.