EMPLOYER FUNDING TO PROMOTE ECONOMICAL HEALTH CARE
Benefit Resource health savings accounts help create an incentive for your employees to save and take control of their health care spending
The basics
Health Savings Accounts (HSAs) are an attractive option for employers and employees to contribute tax-free dollars for qualified medical expenses. HSAs are combined with an HSA-compatible health plan (often referred to as a high deductible health plan). The HSA is used for out of pocket expenses which may include: deductibles, co-payments, co-insurance and other expenses not covered by the plan. The HSA-compatible health plan is a comprehensive health plan providing coverage once the deductible and out-of-pocket limits are met.
Setting up a Health Savings Account is easy, but knowing the HSA program strategies and communication tactics that get results is the Benefit Resource promise. The Benefit Resource HSA is another example of how we help you implement 'plans that perform'. To learn how you can make the most out of an HSA program, contact us!
Changing the health care cost cure
Like many employers, you are probably struggling to cover the ever increasing cost of health care. An HSA-compatible health plan with an HSA offers you a solution to control those costs both today and in years to come.
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Lower premiums by switching. HSA-compatible health plans typically provide significant savings on the initial premium by switching to a higher deductible. Employers can see savings as high as 30-40% when they implement the plan. |
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Better control of premium increases. HSA-compatible health plans are also helping to control costs on a long-term basis. Premiums for HSA-compatible health plans increased an average of just 3.4% in 2009 compared to all other health plans with a 9.6% increase rate. Premium increases are better controlled when employees take charge of their health by asking questions about the cost and quality of care, asking about lower cost alternatives, and making healthier lifestyle choices. |
Technology brings convenience and simplicity
Give employees on-the-spot access to their tax-free HSA funds for medical expenses. Employees just present the Benefit Resource Beniversal Card for HSAs at a qualified merchant. With just a swipe, the necessary funds for the transaction are deducted from their HSA. No burden on their cash flow, no waiting for cash and no followup required!