| Is Your Health Insurance Plan Up To Date ? |
In dealing with the rising cost of health care and insurance – I suggest we employ the 80/20 rule.
82% of US have annual medical expenses of less than $1000
40% of US have annual medical expenses of less than $500
33% have no medical expenses and only 11% have expenses of over $2000
(American Journal of Health Policy)
“Are you spending premium dollars to cover health expenses which rarely happen ?”
Many of our clients are using new approaches to offer cost effective health insurance to their
employees. The HRA – Health Reimbursement Arrangement allows you to provide employees benefits
when they need them – that is when there is a claim. You can reduce your overall premium expense
and use these savings to help fund those claims when and if they occur. This approach is like a self-
funding insurance plan used by very large companies with flexible benefit parameters and minimal
administration. Depending on your business needs, these consumer driven health plans could be the
best way for your business to address the rising cost of health care and to encourage your employees
to become more involved with their health care decisions.
82% of US have annual medical expenses of less than $1000
40% of US have annual medical expenses of less than $500
33% have no medical expenses and only 11% have expenses of over $2000
(American Journal of Health Policy)
“Are you spending premium dollars to cover health expenses which rarely happen ?”
Many of our clients are using new approaches to offer cost effective health insurance to their
employees. The HRA – Health Reimbursement Arrangement allows you to provide employees benefits
when they need them – that is when there is a claim. You can reduce your overall premium expense
and use these savings to help fund those claims when and if they occur. This approach is like a self-
funding insurance plan used by very large companies with flexible benefit parameters and minimal
administration. Depending on your business needs, these consumer driven health plans could be the
best way for your business to address the rising cost of health care and to encourage your employees
to become more involved with their health care decisions.
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Save $ with an HRA