Health care reform changed the benefits you can offer to employees with your health benefit plan. Be informed of changes to your plan before it renews, so you can make the best decision for your employees’ health coverage.
Smaller employer groups may choose to:
Talk to your agent or sales representative to understand your options
Larger employer groups may choose to:
Talk to your agent or sales representative to understand your options.
A Health Savings Account (HSA) is a tax-free savings account that works with our BlueOptions and BlueCare HSA-Compatible Plans to help an employee pay their insurance deductibles and qualified out-of-pocket medical expenses.
A Flexible Spending Account (FSA) is a benefits program that an employer can offers to help employees save on what they pay for medical, dental, vision, child, and/or elder care as well as on taxes. It’s sometimes called a cafeteria plan or health care or dependent-care reimbursement account.
A Health Reimbursement Arrangement (HRA) is an account that employers can provide to its employees. The employees use this account for reimbursements on qualified medical expenses. Unlike Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs) are both owned and funded by the employee.