health insurance costs in the US rising exponentially. As such, employers are as a strategy to reduce the adoption of account-based health plans (ABHPs) the cost of healthcare without for employees to reduce coverage. Account-based health plans are becoming more popular, especially in light of the changes due to the Affordable Care Act (ACA). The following article gives a brief overview of the four main types of medical spending accounts used with ABHPs
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What's plan for an account-based health?
a ABHP is a tax-deductible medical expenses account Krankenversicherungsgruppe a consumer strategy that couples. With a total replacement ABHP that medical spending account offered as the main health care plan - instead of a group health insurance
After Tower Watson / NBGH employer survey on purchase value in Health Care (2013):
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66% of employers in 2013 had a ABHP instead
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13% expect ABHP in 2014
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total replacement ABHPs are also on the rise. use Nearly 15% of employers with a ABHP to a total replacement ABHP, compared to 7.6% in 2010.
Health Savings Accounts (HSA)
HSAs are individual bank accounts of staff in possession, allowing for tax-free payment or reimbursement of eligible medical expenses. An employer usually provides an HSA qualified high deductible health plan and an HSA.
used Arrangement health reimbursement (HRA)
HRAs are funded by employers, tax advantaged employer health benefit plans to reimburse employees for eligible medical expenses. With an "integrated HRA", the HRA with a high deductible health insurance is mated to reimburse employees for their deductible expenses.
With a "stand-alone HRA," is the total HRA spare ABHP and is used to reimburse employees for eligible individual health insurance premiums and medical expenses. From 2014, however, the health care reform restrictions on the use of stand-alone HRAs has provided for most employers. Types of stand-alone HRAs that are compliant with health reform include Retiree HRAs and one-person stand-alone HRAs.
Healthcare Reimbursement Plan (HRP)
HRPs are financed by the employer, tax advantaged employer health benefit plans used to reimburse eligible employees for individual health insurance premiums and pension. HRPs are specially designed to comply with the new Affordable Care Act rules and regulations. HRPs are a type of total compensation ABHPs. This approach is also referred to as "pure" defined contribution health plan or a premium refund plan.
Health Flexible Spending Account (FSA)
health FSAs are enabling employers' benefit plans that for tax-free reimbursement of eligible medical expenses.
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