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Making FSAs, HSAs, and HRAs work for Your Business and Employees

Topics:: Employee Benefits & Human Capital; Finance & Risk Management; Professional Services

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Abstract:: The economic downturn coupled with annual increases in health insurance premiums has spiked interest in consumer driven health plans, where employees shoulder a greater portion of the financial burden for health insurance through higher deductibles, co-insurance and co-pays in exchange for reduced premiums. To offset the increase in employees’ share of healthcare costs, an option for employers is to provide them with access to an FSA, HSA, or HRA. Each of these carries unique benefits and drawbacks for both employer and employee, and understanding these key differentiators and maximizing participation and use of these accounts is critical to achieving the kinds of results they can deliver. Do you know the difference?

DETAILS: Sponsored by: Mangrove Employer Services; Released: June 26, 2009; Length: 9 pages; Format: PDF (2419 kb); Email this abstract; These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.

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