About HSAs & HRAs

Health 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!