A 401(k) for Health Care Costs
Brief:
More employers are starting to offer their employees Health Savings Accounts as an option for their health care coverage. Since the HSA’s can only be obtained with High Deductible Heatlh Plans premiums are much lower. Employers can then take a portion of the premium savings and add it to the employee’s Health Savings Account.
If the Employee incurs any qualified medical they can pay for them out of the Health Savings Account. If the money is not used it is rolled over and accrues interest on a tax deferred basis.
Consumer driven health insurance plans like HSA’s aim to transfer cost-managing responsibility to the health care consumers themselves.
Many of Florida’s (and the rest of the the U.S.) best health insurance companies offer HSA’s - Health Savings Accounts to both groups and individuals. Humana, Aetna, Blue Cross Blue Shield, Golden Rule, Time, Assurant Health, United Healthcare, just to name a few.
You can read the full article here.