High-deductible Health-insurance Plans Attract Employers
Posted on August 10th, 2010
Despite mixed reviews, the high-deductible health plans that typically keep premiums low and their linked health savings accounts are becoming increasingly popular with employers. With only minor changes from new healthcare laws, it’s still cheaper for employers to provide HSA Plans to employees than to provide comprehensive health coverage.
HSA plans were created by a 2003 law that linked Health Savings Accounts to qualified high-deductible health insurance plans. HSA Plans allow people to increase savings with tax-free interest, and use the savings to cover deductibles and other medical expenses. Both employers and employees can deposit into these accounts, but the funds belong soley to the employee.
Tags: Employers, Plans Attract
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