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About HSAs & HRAs

hsa  imgHealth Savings Accounts (HSAs) and Health Reimbursement Accounts (HRAs) have become popular tools to help control health plan costs, especially for employers.

How They Help Control Costs

These consumer-driven health plans, or CDHPs, have many advantages:

Because they have higher deductibles, their premiums can be significantly lower than other plans.

When coupled with an employer-sponsored savings or reimbursement account, CDHPs motivate employees to save their healthcare dollars.

As they seek to preserve healthcare dollars, employees do two things:

  • they learn more about the cost and quality of their care and
  • they adopt healthier behaviors.

These advantages can reduce and control health plan costs over the long-term. Right now, over 22 million people are covered under a CDHP.

Please contact us to learn how HSAs and HRAs can impact the bottom line at your organization!