MINNEAPOLIS, December 19, 2006 – Lighthouse1, a leading provider of consumer driven healthcare (CDH) administration technology solutions, announced today it has entered into a partnership with HealthcareBank, a division of State Bank & Trust, a leading provider of Health Saving Account (HSA) investment programs. Together, Lighthouse1 and HealthcareBank will offer a seamlessly integrated HSA product to the marketplace. 

With a single customer log-in, benefit administrators and their clients can go to a central place to download educational materials, access enrollment and manage their HSAs, Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), dependent care and transportation spending plans. This robust HSA solution also features easy online enrollment and a virtually paperless environment.

“At Lighthouse1 we clearly see the advantage of being able to provide a fully integrated solution including HSAs, HRAs and FSAs on a common platform to meet the demands of the consumer-driven healthcare marketplace,” said Jeff Fritz, Chief Executive Officer and President of Lighthouse1.  “Additionally, HealthcareBank’s experience with providing competitive investment options gives our clients a competitive edge in the market.”  

“With Lighthouse1 we’re bringing unprecedented value to third party administrators by giving them best of breed technology in administration as well as our proven investment platform” said Laine Brantner, Senior Vice President of Operations at HealthcareBank. “We offer HSA spenders easy access to their account while offering HSA savers a competitive array of mutual funds, tailored to both the novice and experienced account holders.”

Administrators can continue to brand their HSA offering as their own through the Lighthouse1 OnDemand™ solution, while HealthcareBank remains largely transparent as the HSA custodian.

About Lighthouse1
Lighthouse1 delivers Consumer Driven Healthcare (CDH) administration software solutions including Lighthouse1 OnDemand™, the high performance Software as a Service (SaaS) solution, to resolve challenges in the administration of Section 125, 105, 132 and other pre-tax spending programs in the healthcare and employee benefits industry. Its mission is to use the latest technology and services to assist and support CDH administrators in the management of healthcare account services. Lighthouse1 OnDemand™ allows third party administrators and healthcare providers to manage services for employer plans that include: Flexible Spending Accounts (Medical and Dependent Care), Transit and Parking, Health Reimbursement Arrangements and Health Savings Accounts. More information is available at www.lighthouse1.com.

About HealthcareBank
Created specifically to meet the Health Savings Account needs of the Third Party Benefit Administrator, HealthcareBank is backed by the strength and stability of one of the Midwest's largest privately held banks, the $3 billion State Bank & Trust organization (member FDIC), which offers financial services, trust and investment management to clients across the country. More information is available at www.healthcarebank.com

###