Consumer Directed Health Plan with a Health Savings Account
Consumer directed health plans, also known as high deductible plans, when combined with a Health Savings Account (HSA) are a dynamic vehicle that can allow participants to better manage their health care spending needs. By diverting a portion of employer contributions to an HSA, trust funds can lower the overall cost of medical and prescription drug plans by re-designing benefits. In addition, active participants may have the opportunity to roll over unused HSA dollars to save for retiree medical coverage.
We can assist in helping you identify the best options for your plan and in implementing an HSA for your active participants.