AARP Says They Can Have Benefits, but Decisions Are Complicated
Consumer-directed health plans like Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Accounts (HRAs) are becoming more popular as Americans seek to gain greater control over managing their high healthcare costs. In a report released byConsumer-Directed Health Plans Are Growing in Popularity
Date: September 25, 2007Washington, DCUnited States of America
According to a press release in early 2007, the BlueCross BlueShield Association reports that 57% of HSA-eligible enrollees opened HSA accounts in 2006. According to the same press release, the U.S. Department of Treasury estimates that by 2010, 40 to 45 million Americans will be enrolled in an HSA-eligible insurance plan.
BlueCross BlueShield Association is launching the Blue Healthcare Bank in order to help provide its healthcare insurance customers a one-stop, integrated customer service model with expertise in healthcare-related financial services. The Blue Healthcare Bank will work with BlueCross BlueShield companies to provide debit cards and other financial services tied to HSAs, FSAs, and HRAs.
According to the Government Accounting Office (GAO), the reason consumer-directed health plans are becoming so popular is because of the rising costs of health care in America. Consumer-directed health plans can provide consumers a convenient, consistent way to pay for eligible medical, dental, and vision services and for expenses associated with high-deductible medical plans.
As health insurance costs continue to rise by double digits, the increase in premiums is the highest for small business group health plans. These 5 major tips will go along way toward helping you save money on your group health insurance premiums.
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Information on things you need to know when you take a high deductible health plan.
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This article outlines the top reasons why you should consider an HSA health insurance plan when shopping for health insurance.
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Oregon's Family Health Insurance Assistance Program will pay up to 95% of the cost of health insurance for low income residents. FHIAP covers both employer provided insurance premiums or private insurnace.
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Health insurance is a huge expense in any family budget. High deductible plans allow consumers to take advantage of health spending accounts. The tax benefits and the convenience are worth considering.
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With millions of Americans currently uninsured, high deductible health plans (HDHP) and health savings accounts (HSA) offer unique insurance alternatives to those in need of financial coverage against illness and disease.
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